“Tech behemoth Apple received two price-target increases on its stock on Tuesday as excitement builds for its upcoming iPhone 8 release,” Patrick Seitz reports for Investor’s Business Daily. “”
“Guggenheim Securities analyst Robert Cihra reiterated his buy rating on Apple stock and raised his price target to 180 from 150,” Seitz reports. “UBS analyst Steven Milunovich maintained his buy rating on Apple stock on Tuesday, but upped his price target to 151 from 138.”
“Cihra expects iPhone unit sales growth and average selling price increases to re-accelerate over the next two years,” Seitz reports. “He also believes the iPhone 8 upgrade cycle will be extended because of the limited supply of new OLED displays. Instead of a one-year supercycle of upgrades, it could be a two- to three-year extended cycle, Cihra said in a report.”
Read more in the full article here.
MacDailyNews Take: New all-time highs on tap this week?
SEE ALSO:
Apple stock price pauses after hitting all-time high – February 24, 2017
Apple shares hit new all-time intraday and closing highs – February 22, 2017
Apple shares hit new all-time intraday and closing highs – February 21, 2017
Apple shares hit new all-time closing high – February 17, 2017
Apple shares hit new all-time intraday and closing highs – February 15, 2017
Apple shares hit new all-time intraday and closing highs – February 14, 2017
Apple shares hit new all-time closing high – February 13, 2017
Apple smashes Street; iPhone, Services, Mac and Apple Watch set all-time records – January 31, 2017
Dow hits record milestone of 20,000 on high hopes for Trump administration – January 25, 2017
International Monetary Fund boosts growth forecast for US, citing President-elect Donald Trump’s policies – January 17, 2017
Boosted by Trump rally and Apple, Wall Street parties like it’s 19,999 – January 6, 2017
Wall Street indexes hit record highs as Trump rally continues – December 8, 2016
Back in July of 2016 Brian White price target AAPL at $185.
AAPL hits resistance at $137 for a while now. If AAPL could move pass $138 then it would upward to $140. Cross our fingers.
https://www.benzinga.com/analyst-ratings/analyst-color/16/07/8263665/drexels-brian-white-says-apple-shares-will-bottom-this-s
Likely the current AAPL price is buoyed by large investors (Berkshire Hathaway) pushing up prices, as well as some optimism for impressive new products in the forthcoming 6-9 months.
However I think Buffet was correct when he said he stopped adding AAPL because it is now in overpriced territory. We shall see if that changes closer to the WWDC.
As of now, rumors of the next iPhone don’t sound particularly impressive to me. Sounds like Apple is making a Samsung Note 7 lookalike. That won’t boost sales any more than any other year iPhone refresh. If Apple can’t release substantial improvements to its antique Mac desktop lineup, its creaky iPad lineup, it’s embarrassing Apple TV, all-new Airports and displays, and something new on the iPod front in the next year then why would AAPL go anywhere but down?
The troll goes down for sure!.😜🤣
Fake News, Troll.
Following is quote from Forbes.
“What does Buffett think? Buffett disclosed that he’s doubled his position in Apple since the beginning of the year. It’s now his second largest position at $17 billion. He thinks Apple will be the first trillion dollar company.”
Fake News Troll.
Following is quote from Forbes.
“What does Buffett think? Buffett disclosed that he’s doubled his position in Apple since the beginning of the year. It’s now his second largest position at $17 billion. He thinks Apple will be the first trillion dollar company.”
On a tear. Blasted through the old highs already.
I’m glad Berkshire-Hathaway has bought millions of shares and Apple is being favorably spoken about by Warren Buffett, the famous Oracle of Omaha. I’m betting the analysts are not going to challenge Buffett on why he bought so many shares. As respected as Buffett is, to question his reasons for owning Apple would be like committing sacrilege. They may think he’s senile but they’re not going to say that to his face. I think Apple will be left alone by the naysaying analysts and pundits for the rest of this year as long as Buffett defends the stock. It’s almost like wrapping an invisible cloak of invincibility around Apple. I pity those suckers who badly want to run down the value of Apple stock like they usually do. They’re hog-tied.
It’s funny how a month changed Apple in the eyes of Wall Street. It’s a nice change from the usual doom and gloom. I’m not counting on Apple to be soaring like Amazon, Alphabet, Facebook, Microsoft or Netflix but I think Apple share price will gain at least a little bit. I’m also not going nuts hoping Apple reaches that elusive $1T market cap. Just a short while back it was claimed Amazon or Alphabet would reach that $1T market cap long before Apple does. That outlook sure has changed in a few short weeks.
I know Apple isn’t going to get a free pass like Amazon or Tesla does so I hope Apple is able to diversify into some new business or come up with a couple of hot products which consumers will think they must have. I personally can’t think of a single thing Apple could come up with that would come anywhere near close to pulling in the revenue the iPhone does. It can’t be easy to keep coming up with successful hit products for any company.
I honestly don’t know how Amazon does it. Staying on a tear for years on end and everyone keeps saying the stock will be higher tomorrow. Apple has far more money than Amazon and yet Apple can’t generate that type of confidence to investors that Amazon easily does every quarter. Amazon sold off for the quarter and yet within a week it was back on a climb. That’s just absolutely amazing. Apple has the money to grow but doesn’t. I guess that’s just Apple shareholders’ bad luck. I sure hope Apple will be able to repatriate that overseas cash relatively soon. If that happens, Apple’s share price could take off thanks to big investors’ greed to get their hands on that money.
Investors are expecting Apple will increase dividends once cash is repatriated.
AAPL is shooting to the moon this morning. Wondering who is buying?. Apple itself or big institutional investors?.
Excellent question. Who is buying at this level with extremely low volume. We are way over bought guys.
A pullback is due despite the Buffet/Trump hysteria. Icahn produced a similar up/down effect a few years ago.