Here’s How Wedbush Views Apple Ahead of Its March 8 Event

By Benzinga
March 7, 2022 Updated: March 7, 2022

Wedbush analyst Dan Ives rated Apple Inc. as Outperform with a $200 price target (22.6 percent upside).

The iPhone maker is set to host a virtual product event tomorrow, where it will likely unveil a new iPhone SE with 5G capabilities and a new iPad Air and some Macs using its M-series of chips. The event will add to the tech giant’s “monster product cycle.”

On the iPhone SE, which Ives believes will start at $399, a “conservative” estimate is roughly 30 million units sold over the next year, ” as globally there is pent-up demand for this next SE based on recent supply chain checks.”

“For the low price point and new specs/speed with multiple storage capabilities (64GB, 128GB, and 256GB), we believe the value proposition for consumers is a ‘standout’ relative to competitors and could translate into some further Android share gains.”

By Anusuya Lahiri

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