Shares of Apple Inc. (AAPL) increased over 1 percent ahead of NASDAQ’s opening bell on Thursday after Piper Jaffray raised its price target to $160 from $140 on the stock and commentator Jim Cramer recommended buying it on CNBC television.

Cramer said during his show Apple was among his four top technology picks. “Cramer advised selling some Apple on its way up and buying it back after the iPhone launch, which is set for June 29,” TheStreet.com reports.

“Apple, he said, owns the MP3 player market with its iPod product, and now it’s getting into phones — a genius move. ‘It’s an aspirational brand,’ which means the sky’s the limit for the stock, Cramer added,” TheStreet.com reports.

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