Scalper1 News
After notching all-time highs on three straight days, Apple (AAPL) stock took a break on Friday. Apple shares were down fraction in afternoon trading in the stock market today, near 126. On Thursday, Apple hit a record high of 127.48. UBS analyst Steven Milunovich on Friday raised his 12-month price target on Apple stock to 150 from 130 and reiterated his buy rating. In a bullish report, he said Apple is moving from a device company to a platform company. “Although Apple the device company took the market cap to $700 billion, Apple the platform company may take it to $1 trillion,” Milunovich said. Apple is building a mega-ecosystem around hardware, software and services for consumers to manage their devices, information and lives, he said. Apple CEO Tim Cook outlined this strategy in a speaking engagement Tuesday at the Goldman Sachs Technology & Internet Conference in San Francisco. “None of… Scalper1 News
Scalper1 News