[Tech] Analyst Raises Apple Price Target On 5G, Smartphone Opportunity

Browse By

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.

The Analyst

Tom Forte raised the target price from $300 to $375 and reiterated a Buy rating on Apple's stock.

The Thesis

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, …

Full story available on Benzinga.com

Source Benzinga

Disclaimer: All posts made on this website are provided for information purposes only. None of the information here is intended as investment advice, as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, Company, or fund. Before making an investment decision, you should seek the advice of a qualified and registered securities professional. The author is not paid to share this information. Cannabis Investment Group is not paid to share this information and has no business relationship other than shareholder with any company whose stock is mentioned in this article.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.