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Wedbush Bullish on iPhone 17 and Apple AI Upside

Strong iPhone 17 demand and huge AI feature monetization are driving optimism. Wedbush target $310.

Wedbush Bullish on iPhone 17 and Apple AI Upside
Credit: Apple
  • iPhone 17 Demand is Strong: Analysts are reporting signals of strong demand for the iPhone 17. BofA noted that the shipment lead time for the iPhone 17 is longer (18 days) compared to the iPhone 16 last year (10 days).
  • Huge Upgrade Cycle Coming: Wedbush expects a major "pent-up consumer upgrade cycle," noting that up to 1.5 billion users globally have not upgraded their iPhone in the past four years.
  • AI Upside is Massive: Wedbush believes Apple’s future AI monetization efforts could add $75 to $100 per share to the company's story.
  • Stock Target Raised: Due to strong demand and expected AI growth, Wedbush raised its price target on Apple stock to $310 (the highest on Wall Street), implying a 26% upside.
  • AI Premium Missing: Currently, no "AI premium" is factored into Apple’s stock price, which makes it a compelling large-cap technology name to own.