Apple Inc. stock has been on a strong run in recent sessions, and an analyst at Wedbush is of the view there is further upside. Apple Analyst Daniel Ives maintained an Outperform rating on Apple and increased the price target from $185 to $200, suggesting more than 20 percent upside from current levels. Apple Thesis Wedbush iPhone 13 checks point to much stronger than expected uptake, reinforcing the firm’s belief that Apple is on track to sell over 40 million iPhones during the holiday season despite the chip shortage headwinds, Ives said in a note. While the Street has been focused on the impact of chip shortage on Apple, the underlying iPhone 13 demand story, both domestically and in China is trending well ahead of Street expectations, the analyst said. The pent-up demand story for Cupertino is still being underestimated by investors with chip issues a transitory issue, according to …