Why this analyst thinks Apple shares are headed to $185

April 18, 2015 1:08 PM

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Why this analyst thinks Apple shares are headed to $185

That’s exactly where analysts at FBR Capital Markets think Apple AAPL, -1.13% is headed.

Raising the bar on the iconic iPhone maker, analysts Daniel Ives and James Moore on Thursday initiated coverage of Apple with an overweight rating and a $185 a-share 12-month price target. That’s 20 times the company’s full-year 2016 earnings-per-share estimate. And it’s the most bullish target amon...

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