Apple Stock Will Jump to $125, According to This Analyst
Investors are underestimating the ability of Apple's (NASDAQ: AAPL) wearables business to fuel its growth.
So says Citi analyst Jim Suva. On Monday, Suva reiterated his buy rating on Apple's shares and lifted his price forecast from $112.50 to $125. His new target represents potential rewards for shareholders of approximately 13% from the stock's current price near $110.
Citi analyst Jim Suva is bullish on Apple's stock. Image source: Getty Images.
Source Fool.com
