RBC ups Apple price target

“Apple Inc.’s stock price target was bumped up to $142, which is 12% above Monday’s closing price, from $140 at RBC Capital, which said the technology giant’s sales and gross margins could beat expectations,” Tomi Kilgore reports for MarketWatch.

“Analyst Amit Daryanani reiterated his outperform rating, and raised his fiscal second-quarter said his research indicates that iPhone demand has remained strong through the current quarter (ending March),” Kilgore reports. “The stock, a component of the Dow Jones Industrial Average eased 0.3% in premarket trade.”

Kilgore reports, “It [AAPL] has climbed 14% year to date, while the Dow has gained 0.9%.”

Read more in the full article here.

MacDailyNews Take: Amit. Wild man. Living on the edge.


    1. Agreed. The shareholders will only see a tiny amount after the big boys skim the cream. I suppose profit-taking is natural enough but I do think Wall Street is being run by crooks who arbitrarily value stocks for their own specious reasons. I’ll continue to hold my Apple stock for the dividends and buy what little I can on the dips while the big boys drive the stock anywhere they want.

      I’m definitely not holding my breath for Apple to climb. If it does, then it does and I’ll consider myself fortunate. I have absolutely no regrets in owning Apple stock.

  1. For those new to AAPL investing (from the Wall Street Insider Handook):

    “Run AAPL up from X to X+3; sell immediately and take the profits back to X+1; buy again two weeks later and run it up to X+4; sell immediately and take the profits back to X+2. Rinse and repeat ad infinitum.”

    AAPL is an inside/broker’s profit machine, folks. It will always be in play, jumping wildly up and down from now on. Buy on a (relative) dip and HOLD, HOLD, HOLD.

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