Apple’s (NASDAQ:AAPL) 3D vision camera, the Vision Pro, went on sale this weekend, and top-rated Wedbush analyst Daniel Ives thinks that its appeal to customers is “surprising.” Indeed, he believes that the Vision Pro could potentially be a “game changer” for the tech giant in the near future.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The analyst pointed out that even after Vision Pro was priced expensively at $3,500, over 600 apps have been developed for the device. According to Ives’ projections, Apple could sell 600,000 units this year and one million by 2025, anticipating even greater success with future versions.
The analyst is bullish on AAPL with a Street high price target of $250, implying an upside potential of 33.4% at current levels.
Is Apple a Good Buy Now?
Apple has a consensus rating of Moderate Buy, which is based on 18 Buys, eight Holds, and one Sell. Over the past year, AAPL has gone up by more than 20%, and the average AAPL price target is $205.75, implying an upside potential of 9.8% at current levels.
