Shares of Apple are rising after analysts at Canaccord raised the company’s price target due to “stronger than anticipated initial sales” for the company’s new iPhone 11 lineup.
Canaccord now has a $260 price target on Apple, up from its previous view of $240… Wall Street’s top price target on Apple is $270.
The new price target represents a potential 16% upside from the stock’s previous closing price of $224.40.
MacDailyNews Take: $260 per share would be an 16% increase over yesterday’s closing price of $224.40 and easily restore Apple to their rightful throne as the world’s most valuable company. From Canaccord’s collective lips to Mr. Market’s ears!