In a freshly issued research reports on Apple, Wall Street analysts are showing different price targets for the technology major. On Thursday, a research reports was published, in which FBR Capital analyst Daniel Ives initiated coverage on Apple with a price target of $185 and an Outperform rating. The price target shows a potential upside of 47% from where the stock is presently trading.
According to Ives, "While Apple remains a widely covered company from a sell-side perspective, we are throwing our hat in the ring with the unique approach of focusing more on Apple's software, which represents the 'crown jewel' embedded in its products/ services".
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