Wedbush analyst Dan Ives has revised the price target for Apple Inc. (NASDAQ:AAPL) from $250 to $275. The adjustment is to account for the anticipated iPhone 16 supercycle, driven by AI technology. This could potentially add $30 to $40 per share to the stock. What Happened: On Thursday, Ives took to X to announce the price target revision. He attributed the change to the expected surge in iPhone demand, driven by AI technology, within the Apple ecosystem. Ives also highlighted the upcoming Worldwide Developers Conference as a pivotal moment for the company. “Raising our Apple price target from…
