Apple stock is on the rise, and for good reason
While Apple stock faltered a couple percentage points after the report, at least a couple Wall Street firms have upgraded their ratings and price targets on Apple stock.
Among such firms are Morgan Stanley, which has given AAPL a price target of $166, and Goldman Sachs, which maintained its “buy” rating but increased its Apple stock price target to $163 from $145.
Aside from being one of most (if not the most) influential and innovative technology companies of the past decade, AAPL continues to expand its global presence where others that have come before simply failed. Regardless of whether you’re an iPhone owner or not, Apple’s position as the world’s leading tech innovator can’t be denied.
If you don’t already have Apple stock in your portfolio, there are a number of reasons to consider taking up a position: