Dan Ives is Double-Fisting The Apple Flavored Kool Aid, Here’s Why He’s Probably Right…

By Stocks News   |   2 months ago   |   Stock Market News
Dan Ives is Double-Fisting The Apple Flavored Kool Aid, Here’s Why He’s Probably Right…

Well, well, well… it looks like Dan Ives has been guzzling the Apple-flavored punch… and forget sipping, this guy’s downing it straight from the pitcher.

While most Wall Street analysts are playing it safer than Indiana in the College Football Playoff, Wedbush's main man just went full WSB on Apple's stock. My guy just cranked his price target to $325 (forecasting a $25 increase that had Apple stock hitting all-time highs).

Let's put this YOLO move in perspective: While the average analyst is sitting at $244 (yawn), Ives is out here making the crypto bros look conservative. He's betting Apple's about to hit $4 trillion (making it worth more than the GDP of most countries you can't find on a map).

Here's why Ives is betting the farm (and probably his neighbor's farm too):

He's calling for 240 million iPhone sales in 2025. To give you an idea, that's like selling a phone to everyone in Indonesia and still having enough left over to supply a small country. The thing is… that would be Apple's biggest iPhone year. Ever. 

There are currently 300 million iPhones out there that are practically on life support… probably still running Flappy Bird and Candy Crush… begging for an upgrade. With Apple Intelligence rolling out on the iPhone 15 and 16, these upgrades will act as mini AI assistants that might finally fix autocorrect mishaps like “ducking.”

On the other side of the table, Apple bears are still clutching their “hold” ratings and pretty much ignoring that they already missed the last trillion-dollar move in Apple’s value. With 2 billion iOS devices circulating worldwide, Apple has built a tech empire on a scale few can rival. Its services business alone is valued at $2 trillion… which is probably what Meta wishes it was worth back when Zuckerberg was obsessed with the metaverse. And with Apple Intelligence rolling out, it could soon be powering devices used by 20% of the world’s population.

Sure, Apple had some struggles in 2024. iPhone sales were shakier than Hunter Biden under oath and Warren Buffett was unloading shares like they were going out of style. On top of that, China was doing its thing, and regulators were being... well, regulators.

But Ives doesn't care. He's looking at Apple's AI play like it's the next iPhone moment. And let's be honest here… this is the company that convinced us all that it was better to spend a month’s rent on a phone. Imagine what they'll do with AI.

Is this the most YOLO analyst call since "Tesla to $4,000"? Maybe. But here's the thing: Ives has been riding the Apple train longer than most of us have had smartphones. That 26% upside he's predicting? That's the kind of optimism that either makes you look like a genius or gets you hired by Cathie Wood.

Will Apple hit $4 trillion? Who knows. But one thing's for sure… Dan Ives just put his entire analyst reputation on Apple's AI future. And if he's right? Let's just say Wall Street's going to need a bigger chart.

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Stock.News has positions in Apple, Meta, and Tesla mentioned in article.

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