“Expecting big things from the anticipated debuts of new iPhones and a so-called ‘iWatch’ this fall, Evercore Partners on Wednesday increased its price target on shares of Apple to $115 — one of the highest current forecasts on Wall Street,” Neil Hughes reports for AppleInsider.
“Analyst Rob Cihra sees Apple stock reaching a new all-time high, blowing past its previous record of just over $100 per share post-split,’ Hughes reports. “‘We see Apple creating its own growth through uniquely innovative hardware+software with integrated services vs. a sea of otherwise commodity devices,’ Cihra wrote.”
Hughes reports, “Cihra joins a number of analysts that have increased their price targets for AAPL in recent weeks, ahead of the company’s upcoming July 22 June quarter earnings report. Other increases include Needham & Company ($97), Cowen & Company ($102), RBC Capital Markets ($100), and J.P. Morgan ($108).”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]