Apple stock could jump 10% in 6 months - Barrons
As high-margin services grow, Apple could earn a higher valuation.
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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