Scalper1 News
Apple (AAPL) could quadruple its total addressable market over the next five years as it expands into new markets, Morgan Stanley analyst Katy Huberty said in a bullish research report Monday. Huberty reiterated her outperform rating on Apple (AAPL)stock and raised her price target to 160 from 133. She said Apple needs to be evaluated as a “platform company,” rather than a tech hardware firm. Other tech platform companies include Google (GOOGL) and Facebook (FB), she said. Microsoft (MSFT) and Oracle (ORCL) also fit that bill, she points out. Scalper1 News
Scalper1 News