“Nomura Securities analyst Jeffrey Kvaal reiterated a Buy rating and boosted estimates and his price target on Apple to $135.00 (from $120.00) amid healthy early demand,” StreetInsider reports.
The steady positive news across geographies on the iPhone 7 launch implies demand is stronger than thought. We believe the supply chain is preparing for upward revisions to production forecasts. We are lifting our high-end iPhone estimates and our price target to $135. — Nomura Securities analyst Jeffrey Kvaal
“The firm now anticipate 78mn iPhones in F1Q, solidly above consensus of 75mn,” StreetInsider reports. They lift FY17 estimate from 230mn to 234mn (consensus 221mn).””
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MacDailyNews Take: The price target parade is underway!
SEE ALSO:
UBS ups Apple price target from $115 to $127 – September 20, 2016