Wedbush's Dan Ives said 2019 was just the beginning for Apple's 'transformational 5G super cycle.'
Longtime technology analyst Dan Ives has a new "bull case" of $400 for Apple's stock by year-end, a nearly 35% climb from here.
Apple CEO Tim Cook gestures after opening the newly renovated Apple Store at Fifth Avenue on September 20, 2019 in New York City.Is Apple due for a pullback after its 80% surge last year? Longtime technology analyst Dan Ives doesn't believe so. Shares of Apple rallied a whopping 85% in 2019, posting their best year since 2009 and single-handedly contributing more than 8% of the S&P 500's total returns in the year. Ives is the biggest Apple bull on Wall Street with the highest price target of $350 among 44 analysts covering the stock, according to FactSet.
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