Apple gets its price target slashed by nearly 13% at Wedbush, but it says the tech giant's demand story still looks more resilient than Wall Street believes

Jan 4 2023 by Business Insider

 
Apple CEO Tim Cook at the Fifth Avenue Apple Store in New York City.

Kevin Mazur/Getty Images

Apple's price target was cut by more than 12% to $175 at Wedbush Securities on Wednesday.  Demand headwinds are creeping into Apple's growth story but the overall picture is more resilient than Wall Street is seeing, the firm said.  Analyst Dan Ives said Apple "should remain a Rock of Gibraltar name into 2023."

Apple's price target was yanked lower at Wedbush Securities on Wednesday, but upcoming...

Continue Reading Apple gets its price target slashed by nearly 13% at Wedbush, but it says the tech giant's demand story still looks more resilient than Wall Street believes