Analyst says Apple is heading to $1 trillion in a Calender

April 18, 2015 9:50 AM

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A Wall Street analyst has jumped into the Apple bull camp, but this time in a large way. FBR Capital Markets Managing Director Dan Ives initiated coverage of Apple with an outperform rating on Thursday, but it is his high target price that makes the call stand out.

With a price target of $185 in 12-month, Dan Ives now commands the distinction of having the highest target on the Street. Ives’s call also demonstrates a market cap of more than $1 trillion for what’s already the world’s most valuable company.

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