Apple just got its most bullish forecast yet: Worth $1 trillion in a year

APPLE worth $1 TRILLION in year? http://ift.tt/2pcHRVn After reporting mixed earnings last week, Apple was slapped with a $202 price target, its highest to-date, by one analyst on Monday. With the release of the iPhone 8 coming in the fall, coupled with new innovations, Apple is only in the "early stages" of unlocking upside potential for investors in its stock, Drexel Hamilton's Brian White wrote in a note to clients Monday morning. "We believe Apple remains among the most underappreciated stocks in the world," White added. The analyst raised his 12-month price forecast for Apple stock to $202 from $185, reiterating a buy rating on the shares. Apple closed Friday at $148.96 per share. If the stock climbed to White's target (a gain of more than 35 percent), that would give the iPhone juggernaut a market value of $1.06 trillion based on its current share count of 5,247 from FactSet. White's price target now marks the highest for the company among 33 Wall Street analysts who cover Apple, according to data from TipRanks. The average price target of those analysts is $159, and the lowest estimate is $120, TipRanks said. "Apple's valuation has been depressed for years as investors
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