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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
Aug 2016RBC CapitalMaintainsOutperform
Aug 2016DaiwaDowngradesBuyOutperform
Jul 2016Hilliard LyonsUpgradesLong-term BuyBuy

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings

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