Wells Fargo has raised its price target for Apple stock from $245 to $290, on what is believed will be a blockbuster fourth quarter because of the iPhone 17, and prospects for Apple Intelligence in the future.
Apple’s Q4 results are expected to be quite impressive
Ahead of financial results announcements, analysts are keen to offer their opinions on what they believe Apple will report. In the case of Wells Fargo, it believes Apple has a lot to offer investors in the coming quarters.
In a note to investors released on October 21, Wells Fargo maintained its Overweight rating for Apple’s stock. However, it also significantly increased its price target for the company’s shares.
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