“Fortune‘s Philip Elmer-DeWitt is back with his survey of analyst price targets for Apple stock, and one thing is clear: The sentiment toward the stock has seen a significant uptick in optimism,” Daniel Sparks writes for The Motley Fool.
“Sixty four percent of the analysts surveyed by Philip Elmer-DeWitt have price targets above $100 a share. The average price target for Apple stock is $101.49,” Sparks writes. “So, what is causing the overall shift in sentiment among Apple analysts? A number of factors, but three stand out:”
1. Favorable upgrade terms from carriers.
2. Hot, new products.
3. Apple’s aggressive share repurchase program.
Read more in the full article here.
[Thanks to MacDailyNews Readers “Fred Mertz” and “Dan K.” for the heads up.]