RBC ups Apple stock target to $525, expects $40B in revenue

RBC analyst Mike Abramsky has raised his firm’s target for Apple stock from $500 to $525. Apple is forecast to beat Wall Street consensus in its Q1 results, which are scheduled to be announced January 24th. In particular he links the performance to “unprecedented iPhone sell-through,” resulting in stockouts in many regions…

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RBC ups Apple stock target to $525, expects $40B in revenue