“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.