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Piper Jaffray Raises Apple Inc. Price Target

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Gene Munster of Piper Jaffray reiterated his Buy recommendation on Apple Inc.(NASDAQ: AAPL), but raised his price target to $120 from $105, although he did warn of iPhone 6 early sales comparisons.

Munster said the company may launch new products and services that could give investors optimism that the platform theme is expanding.

With shares of Apple last trading at $103.50, Munster's new price target represents potential upside of about 16 percent.

Latest Ratings for AAPL

DateFirmActionFromTo
Jul 2016BarclaysMaintainsOverweight
Jul 2016Longbow ResearchInitiates Coverage onBuy
Jun 2016Goldman SachsMaintainsBuy

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Posted-In: Gene Munster Piper JaffrayNews Price Target Reiteration Analyst Ratings

 

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