“Apple Inc.’s price target was raised to $150 at UBS and to $135 at BMO Capital Markets on Friday, as analysts continue to grow more bullish on the iPhone maker’s product line,” Jennifer Booton reports for MarketWatch.
“UBS analyst Steven Milunovich, who rates Apple a buy, said Apple is creating a ‘mega-ecosystem’ that is quickly turning the company into a platform, rather than just a device, company,” Booton reports. “‘Apple the platform company may take it to $1 trillion,’ he said.”
Booton reports, “Meanwhile, BMO analyst Keith Bachman, who has an outperform rating on the stock, said he thinks Apple is adding ‘far more users than are leaving the brand’ and that its fiscal 2015 iPhone unit forecast may be conservative.”
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