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Stifel Optimistic On Apple's 'Ramp' Of China Mobile & iPhone 6 Launch

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In a report published yesterday, Stifel analyst Aaron Rakers raised the price target on Apple (NASDAQ: AAPL) from $93.00 to $110.00 following the company's announcement of a 7-for-1 stock split.

To reflect the new shares outstanding, Rakers updated his model. The analyst sees an upside to the December quarter due to the company's "ramp" of China mobile and 2HC2014 iPhone 6 launch.

Stifel reminds investors of risks including, “(1) Reinventing product momentum - can Apple sustain current level of product innovation?; (2) Emerging competition for iPad and MacBook Air; (3) Wireless carriers looking to push back on iPhone subsidies; (4) Slowdown in Chinese growth impacting expanding operations in the country; (5) Legal disputes (e.g. Samsung tablet litigation); and (6) Execution missteps.”

Shares of Apple closed at $92.22.

Latest Ratings for AAPL

DateFirmActionFromTo
Apr 2015FBR CapitalInitiates Coverage onOutperform
Apr 2015Maxim GroupInitiates Coverage onHold
Apr 2015Raymond JamesDowngradesOutperformMarket Perform

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings

Posted-In: Aaron Rakers StifelAnalyst Color Price Target Analyst Ratings

 

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