Better-than-expected demand for the iPhone 17 lineup will allow Apple to beat expectation for its fiscal fourth quarter says investment firm Wedbush in a new note to investors shared by AppleInsider. The firm also says that making the right decisions when it comes to an AI plan and partnerships will make the iPhone maker’s stock even more valuable.
Wedbush raised its Apple target price to $310 in September 2025, thanks to the more than expected demand for the iPhone 17 lineup.
Wedbush expects Apple to readily beat market predictions when it announces its fiscal Q4 earnings on October 30, thanks to evidence indicating stronger-than-expected demand in China and the United States.
While several analyst say they are seeing indications that the iPhone Air has not sold as well as Apple had hoped, Wedbush sees things differently, and believes the device is actually seeing better demand than had been expected.
The analysts also predict a $75 to $100 rise per share over the next few years if the company is able to fulfill its AI-related plans.
Google and Apple have been allowed to continue their search engine deal on iPhones, Wedbush sees the partnership as quite valuable to Apple in the AI space.
Apple is expected to make Google Gemini the next addition to its AI toolkit.
Apple stock hit a all-time of $262.42 on Monday, October 20. Apple’s valuation would hit $4 trillion if the price reaches or exceeds the $268.26 mark.
