Piper Jaffray has upped its Apple price target to $732.
The firm believes Apple may introduce a smartwatch, and iPhone with a larger screen, and possibly new connected home technology.
Piper Jaffray has an “Overweight” rating on AAPL.
UBS has also raised its Apple price target to $700 on increasing confidence about U.S. iPhone sales.
The firm believes the iPhone upgrade cycle will benefit Apple sales later this year.
UBS maintained a “Buy” rating on Apple.
In addition, Goldman Sachs raised its Apple price target to $635 from $620. AAPL closed yesterday at $624.01.