RBC Thinks Apple Could Get $2.4 Billion of Extra Revenue From the New iPad
A bullish new price target.
iPad Pro Review: This Thing Is Huge!
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RBC analysts are liking the new iPad Pro, forecasting as much as $2.4 billion worth of extra revenue over the next three months from the larger, pricier tablet.
In a note published on Tuesday, RBC Capital Markets analysts led by Amit Daryanani set out a new base case forecast for Apple shares to reach $150 over the next 12 months, while the bear case is for $109 and the bull case sees them at a hefty $165. Apple closed at $117 a share on Monday, meaning there's very little room for the stock to fall in RBC's analysis and tons of upside potential.