Analysts Boost Apple Price Targets Ahead of iPhone 6 [Chart]

Analysts Boost Apple Price Targets Ahead of iPhone 6 [Chart]

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A majority of analysts have a now set a price target above $100 ($700 pre-split) for Apple's stock. The new higher targets have followed the company's aggressive stock repurchase plan and its 7-for-1 stock split.

Analysts are also predicting a hugely profitable iPhone 6 launch. In an investor note posted yesterday, Walter Piecyk notes that Verizon's new smartphone leasing plans will allow many iPhone owners to upgrade for 0% upfront:

“Historically we estimate that ~20% of AT&T’s subscriber base was eligible for an upgrade during an iPhone launch quarter. That eligibility dropped to a low of the mid-teens in the second half of 2013 due to the stricter upgrade policies. We expect AT&T’s new Mobile Share Value plan to increase the percentage of AT&T post-paid subscriber base eligible to upgrade to over 65% by the time the next iPhone launches. In absolute terms that is the difference between 10 or 11 million eligible for upgrades and 45-50 million.”

Check out the chart below for more details...

[via Fortune]


Analysts Boost Apple Price Targets Ahead of iPhone 6 [Chart]
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