Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Apple Inc. (AAPL) Stock Price Target Increase To $180 By Cantor Fitzgerald: Why?

Apple Inc. (NASDAQ:AAPL) gearing up for the release of its smartwatch, which has a price range of $349 to $10,000. Many analysts and investors debate on the success of Apple Inc. (NASDAQ:AAPL)’s smartwatch. Among many analysts who remain bullish on Apple Inc. (NASDAQ:AAPL)’s growth, Brian White of Cantor Fitzgerald has increased his price target on Apple Inc. (NASDAQ:AAPL) stock to $180, maintaining a ‘Buy’ rating on the stock. He shared the reasons behind increased price target and the catalysts behind the growth of Apple Inc. (NASDAQ:AAPL) on CNBC.

White pointed out that around a couple of years there were many comments on the table like, Tim Cook is not Steve Jobs, Samsung Electronics is going to destroy Apple, Why doesn’t Apple distribute more cash to shareholders, They are not innovating and so on. He feels that all these comments and questions are coming off the table slowly.

White shares his reasons behind the bullish look on Apple Inc. (NASDAQ:AAPL) stock.

“What we have seen in the past weeks, 1. We have got more details on Apple Watch, so this is a first new category in five years, 2. Apple Car, Apple TV articles out there, 3. China put up the FTD-LTE licenses to give it out, so bigger 4G build up this year and we know iPhone is just killing it around the world. They are doing very well in China. We also have cash distributed more in April. So I think for all of these reasons, does it deserve to trade at such a discount to S&P. I don’t think so,” White said.

White said that looking at 2016 calendar and the cash, which is about 10.5 times for Apple Inc. (NASDAQ:AAPL), whereas S&P is at 16 times. He pointed out that they took S&P multiples and put it on Apple Inc. (NASDAQ:AAPL) and added the net cash, which resulted in their price target of $180. He feels that the price target is very reasonable, since Apple Inc. (NASDAQ:AAPL) has grown 38% EPS in last 5 years compared to 13% EPS growth of S&P.

“Its tough to get your head around a trillion market cap, but I think Apple will be the first company to do it,” White said.

Disclosure: None

I just made 84% in 4 daysI Just Made 84% in 4 Days By Blindly Following This Hedge Fund

I just made 84% in 4 days by blindly imitating a hedge fund’s stock pick. I will tell you how I pulled such a huge return in such a short time but let me first explain in this FREE REPORT why following hedge funds’ stock picks is one of the smartest things you can do as an investor. We launched our quarterly newsletter 2.5 years ago and not one subscriber has, since, said “I lost money by EXACTLY following your stock picks”. The reason is simple. You can beat index funds by creating a DREAM TEAM of hedge fund managers and investing in only their best ideas. I just made 84% in 4 days by blindly imitating one of these best ideas. CLICK HERE NOW for all the details.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.