Stifel Optimistic On Apple's 'Ramp' Of China Mobile & iPhone 6 Launch - Apple (NASDAQ:AAPL)

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

In a report published yesterday, Stifel analyst Aaron Rakers raised the price target on

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

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.