Apple (AAPL) Gains on Bullish Analyst Commentary

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Go back to Apple (AAPL) Gains on Bullish Analyst Commentary

Apple (AAPL) Price Target Raised to $130 at Oppenheimer

November 18, 2014 8:50 AM EST

(Updated - November 18, 2014 9:37 AM EST)

Oppenheimer analyst Andrew Uerkwitz reiterated an Outperform rating and boosted his price target on Apple (NASDAQ: AAPL) to $130.00 (from $115.00) citing the company's strong ecosystem.

In the report, Uerkwitz answers the questions why they believe Apple will continue to grow while: 1) broader high-end smartphone market will stagnate and, more specifically, 2) Samsung will see severe declines. He answers the questions with the following: 1) Apple now has the... More