Apple Stock Dips, but Analysts Remain Upbeat
In a turbulent start to 2025, Apple (AAPL) shares have experienced a downturn. However, analysts at Wedbush believe the market panic surrounding Apple is excessive ahead of its December earnings report.
Dan Ives and his team emphasized that despite a decline of over 8% this year due to lowered sales expectations, Apple remains a strong investment.
Although Jefferies analysts downgraded Apple's rating based on concerns about missed first-quarter results, Wedbush maintains its "Outperform" rating and a $325 price target.
Wedbush analysts are optimistic about Apple's unit declines in China, highlighting that a regional AI partner announcement with Baidu, Tencent, or ByteDance will provide insights into its China turnaround strategy.
Despite concerns about Apple's AI strategy being introduced later than competitors, Wedbush believes 2025 will be a year of significant progress for Apple in this area. Ives stated, "Rome wasn't built in a day, and neither will Apple's AI strategy."