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Home » Companies News

Apple stock could jump 10% in 6 months - Barron's

As high-margin services grow, Apple could earn a higher valuation. 

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Apple stock could jump 10% in 6 months - Barron's
The stock trades around $140 now, up more than 20% in 2017. Photo: Reuters
Written By: Reuters
Updated: Mon, Mar 20, 2017
08:30 am
New York, Reuters
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The stock of technology giant Apple Inc could increase another 10% in six months because of growth in its service divisions and buzz around a new iPhone model, Barron`s wrote in an article posted Saturday.

The business and investing publication cited offerings such as AppleCare, iTunes and iCloud in noting that the "company’s high-margin services revenue probably will continue to race quietly higher."

"As high-margin services grow, Apple could earn a higher valuation. And shares could hit $155 on iPhone," Barron`s wrote.

The stock trades around $140 now, up more than 20% in 2017.

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AppleApple share priceApple new launchesAppleCareiTunesiCloudBarron
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