“Analysts at Barclays think shares of Apple (AAPL) have more than 40% upside to their target of $555,” Dimitra DeFotis reports for Barron’s. “The stock is up 2% today, or $8.29, to $387.56.”
“Analysts Ben A. Reitzes and Jennifer Thorwart say Apple’s market cap will rise ‘as it extracts more profits out of the traditional PC and mobile phone industries’ and that Apple will still see sales growth in iPads, sequentially in the fourth quarter, based on supply chain patterns,” DeFotis reports. “Regarding share underperformance due to iPad and iPhone concerns, the duo says worries about iPad demand/build ‘have some merit, but are not a long-term problem and the iPhone concerns seem overblown.'”
Read more in the full article here.
[Thanks to MacDailyNews Reader “JES42” for the heads up.]