CIG News – Analyst Raises Apple Price Target On 5G, Smartphone Opportunity. News provided by Benzinga Tech, The tech sector is the category of the markets relating to the research & development and/or distribution of technological based services as well as goods.
Hype and hope surrounding the emerging 5G market should spur a new round of iPhone growth for Apple Inc. (NASDAQ: AAPL), D.A. Davidson said Monday.
Tom Forte raised the target price from $300 to $375 and reiterated a Buy rating on Apple's stock.
Apple can exploit a multi-year opportunity to generate iPhone sales based on the switch over to 5G, gaining sales through at least the next two product launches, Forte said.
It's also an interesting time for Apple because of a recent slowdown in iPhone sales – during which time the company sought to mitigate dropping iPhone sales with new efforts in proprietary content, …
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