Apple Stock Will Soar 24% to $140, According to This Analyst

Shares of Apple (NASDAQ: AAPL) will soon recover from their post-split decline and head back to new all-time highs.

So says Needham analyst Laura Martin. On Wednesday, Martin reiterated her buy rating on Apple's stock and boosted her price forecast from $112.50 to $140. Her new target represents potential gains for investors of roughly 24% over the stock's current price near $113.

Apple's shares are poised for a rebound, one analyst says. Image source: Getty Images.

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Source Fool.com