Analyst Andy Hargreaves of Pacific Crest Securities, citing “back-to-school sales, expanded distribution and a likely refresh of the iMac product lineup,” predicts a Mac sales rise of about 30% in the current quarter.
Hargreaves rates Apple’s stock a “Buy” and raised his price target from $130 to $175 a share.
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I don’t know how to break it to Andy at Crest but Apple has been above 130 for a while now.