RBC analyst puts $250 price target on Apple Stock

Tue, Aug 18, 2009

Finance, News

Shares of Apple Stock edged a bit higher yesterday after RBC analyst Mike Abramsky raised his price target for Apple to $250, up from a previous target of $190.

“Our outlook reflects continued iPhone share gains in domestic and international markets, driven by distribution expansion, more innovations in devices and user experience,” Abramsky wrote in a note to investors.

We should point out, though, that it wasn’t too long ago that Abramsky downgraded Apple Stock with a price target of $70.

Fortune has the full scoop over here.



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