Investment bank Wedbush says that the recent Apple stock sell-off creates a golden buying opportunity for investors, and predicts that Apple still has a $3 trillion valuation on the horizon.
In a note to investors seen by
AppleInsider, lead Wedbush analyst Daniel Ives says the bank has added Apple to its Best Ideas List. He says that, in the wake of a historic December quarter for Apple, Wall Street has been expecting modest cuts to 2021 iPhone forecasts.
Despite that, the analyst says recent checks in Asia are continuing to come in bullish. He continues to predict that Apple could ship upwards of 230 million iPhone units during the year. That number is higher than the current Wall Street consensus of 220 million units. Based on the current trajectory, Ives says that Apple could sell north of 240 million units with an eye popping 250 million units possibly in the cards.
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