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Apple stock could jump 10% to $155 in 6 months: Barron's

Currently, the stock trades around $140 now, up more than 20% in 2017

Reuters  |  New York 

Apple
The logo of Apple is seen at a store in Zurich (Photo: Reuters)

The stock of technology giant could increase another 10 per cent in six months because of growth in its service divisions and buzz around a new model, Barron's wrote in an article posted Saturday.

The business and investing publication cited offerings such as AppleCare, iTunes and iCloud in noting that the "company's high-margin services revenue probably will continue to race quietly higher."

"As high-margin services grow, Apple could earn a higher valuation. And shares could hit $155 on iPhone," Barron's wrote.

The stock trades around $140 now, up more than 20 per cent in 2017.

 

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Apple stock could jump 10% to $155 in 6 months: Barron's

Currently, the stock trades around $140 now, up more than 20% in 2017

Currently, the stock trades around $140 now, up more than 20% in 2017
The stock of technology giant could increase another 10 per cent in six months because of growth in its service divisions and buzz around a new model, Barron's wrote in an article posted Saturday.

The business and investing publication cited offerings such as AppleCare, iTunes and iCloud in noting that the "company's high-margin services revenue probably will continue to race quietly higher."

"As high-margin services grow, Apple could earn a higher valuation. And shares could hit $155 on iPhone," Barron's wrote.

The stock trades around $140 now, up more than 20 per cent in 2017.

 

image
Business Standard
177 22

Apple stock could jump 10% to $155 in 6 months: Barron's

Currently, the stock trades around $140 now, up more than 20% in 2017

The stock of technology giant could increase another 10 per cent in six months because of growth in its service divisions and buzz around a new model, Barron's wrote in an article posted Saturday.

The business and investing publication cited offerings such as AppleCare, iTunes and iCloud in noting that the "company's high-margin services revenue probably will continue to race quietly higher."

"As high-margin services grow, Apple could earn a higher valuation. And shares could hit $155 on iPhone," Barron's wrote.

The stock trades around $140 now, up more than 20 per cent in 2017.

 

image
Business Standard
177 22