Financial research firms show greater confidence in iPhone manufacturer

Analysts boost value in Apple stock

Financial research and analyst firms have boosted their confidence of Apple stock, largely based on iPhone expectations.

American Technology Research yesterday changed Apple from ‘neutral’ status to ‘buy’ – and upgraded the target stock price to $210.

RBC Capital Markets also raised its price target on Apple from $200 to $220.

“We see upside potential to iPhone estimates following changes, in our opinion, Apple may make to its iPhone business model, expected to accelerate momentum and expand its global addressable market," said RBC.

Link: Macworld

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