Apple’s stock price climbed as much as 1.5% to a one-year high on Thursday amid spiking optimism around iPhone 11 demand.
Several Wall Street analysts have increased their price targets on Apple in recent weeks, citing higher-than-expected orders for the company’s new slate of phones.
Shares of Apple gained more than 2% last week on a report that the company asked iPhone 11 suppliers to increase production by as much as 10%, or 8 million units.
Watch Apple trade live on Markets Insider.
Apple’s stock price hit a one-year high on Thursday, jumping as much as 1.5%, as investors continue to be optimistic about demand for the new iPhone 11 models.
Several Wall Street analysts have issued price upgrades or reiterated bullish targets on Apple in recent weeks amid stronger-than-expected demand for the new crop of iPhones.
Here are some of the firms that have either increased price targets or reiterated bullish ratings on Apple in recent weeks:
Nomura: Increased price target to $205, up from $185
Canaccord Genuity: Bumped PT to $260, up from $240
Longbow Research: Upgraded to “buy” and established a $260 PT
Piper Jaffray: Reiterated $243 PT and “overweight” rating
Wedbush: Maintained $245 PT and “outperform” rating
Nomura Instinet …read more
Source:: Businessinsider – Finance