Apple Sails to Top of Dow on New Bull Notes

Needham upgraded AAPL stock to "strong buy"

Mar 21, 2019 at 10:02 AM
facebook X logo linkedin

It's been an outstanding run for Apple Inc. (NASDAQ:AAPL) stock, with the shares nabbing positive closes in eight of the last nine sessions. AAPL is poised for another daily gain -- up 1.9% to trade at $191.79, the best Dow stock so far -- after more bullish analysts chimed in on the FAANG stock as buzz around the Apple video streaming service grows.

Specifically, Needham upgraded AAPL stock to "strong buy" from "buy," and boosted its price target to $225 from $180 -- a 20% premium to last night's close at $188.16. Wedbush also boosted its price target on the equity, to $215 from $200, with both new targets implying an Apple market cap above $1 trillion.

Needham said Apple's new video streaming service -- expected to launch at an event next Monday, March 25 -- and a string of new products unveiled recently, including the iPad Mini, have "value upside." Wedbush echoed this sentiment, saying video streaming could eventually create new annual revenue of $7 billion to $10 billion. J.P. Morgan Securities also chimed in, noting Apple has the potential to become the second biggest content aggregator behind Netflix (NFLX).

Most analysts are already bullish on Apple stock, but there's certainly room for more upbeat attention to come down the pike for an equity that's up . Twelve of 27 covering brokerage firms maintain a lukewarm "hold" rating on AAPL, while the average 12-month price target of $182.61 is a discount to current trading levels.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI