Verhage reports, “Wall Street as a whole can agree on one thing, though: Some 42 of the 51 analysts covering the stock have buy ratings on it.”
“Citigroup, Drexel, and Cowen have targets of $115, $185, and $125, respectively, and the overall average is $123.13,” Verhage reports. “As Apple is currently trading at $96, the average would represent a 28 percent return over the next 12-months.”
Read more in the full article here.
MacDailyNews Take: We’ll see how much iPhone SE helped on the unit sales front when Apple reports fiscal Q316 results after market close on July 26th.