“Apple reported another quarter of strong earnings after the market close yesterday, with quarterly profit up by 33 percent on the back of strong iPhone sales in the U.S. and China,” Julie Verhage reports for Bloomberg. “As analysts across Wall Street are sending out new research this morning, some are changing their price targets.”
“One of the analysts who is raising price targets is Brian White of Cantor Fitzgerald,” Verhage reports. “White gives Apple a new target of $195 from a previous $180.”
We believe Apple is in the midst of a transformational, super cycle with a notably stronger iPhone cycle and initial strength around Apple Watch… Adding to the allure of this cycle is the ramp of Apple Watch that we believe will prove to be the best selling new product in Apple’s history (within first 12 months). — Analyst Brian White, Cantor Fitzgerald
Read more in the full article here.
MacDailyNews Take: At least somebody’s got an inkling of what’s to come. Not enough of an inkling, but an inkling nonetheless.