On Thursday, Piper Jaffray analyst Gene Munster raised the price target on shares of Apple Inc. AAPL from $120 to $135 and reiterated the Overweight rating.
Within the report, Munster notes limited supply of the iPhone 6 and iPhone 6 Plus may drive demand into FY2Q, however, supply constraints may limit upside in the near term.
Currently, there are 44 Buy ratings, 13 Hold ratings and 4 Sell ratings on shares of Apple with an average price target of $119 per share.
Shares of Apple recently traded at $114.99, up 0.28 percent Thursday morning.
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