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Apple stocks ready to rise after iPhone 7 release
Written by: PaxForex analytics dept - Wednesday, 14 September 2016 0 comments
After presenting to a narrow audience of a new product by Apple - iPhone 7, which goes on mass sale on September, 16, PaxForex conducted a pretty impressive work in respect of Apple Inc. shares forecast and came to the conclusion that the release of the new smartphone can significantly increase the size of portfolio of our traders. We believe that the shares of the giant will rise to a target of $125.
As it is known, PaxForex has long been successfully providing its clients with stocks trading opportunities of the biggest companies in the world. Apple is just one of them, but at the moment it is the most popular among our traders.
In order to provide a diversity of opinions from different businesses, PaxForex decided to talk with the analysts of some other companies and find out their opinions about the future of Apple stocks after the start of massive sales of iPhone 7.
We were a bit surprised, but most forecasters, even the most skeptical, recommend cautious or active purchases of Apple shares.
One of the analysts working for the NASDAQ 23, did not want to even hear about any cautious purchases and recommended the immediate purchase of shares at the current level of $108.11.
By the way, just for today, Apple shares rose by 2.51%, which already gives fairly optimistic signals to investors, waiting for the right moment. We believe that the new high-quality iPhone will return Apple to a good level of growth this year.
Analysts at BMO Capital told that the design of a new device incrementally improved, but has not undergone fundamental changes compared to the iPhone 6S. At
the same time, a large amount of functionality has been changed under the expectation of permanent and potential clients.
The BMO Capital believe that after the beginning of massive sales a very large number of investors will buy Apple shares, which according to their forecasts have growth potential of 38-39% or even higher.
Goldman Sachs thinks Apple product will meet the expectations of customers by 100%, and forecast the stocks growth of this technology giant to $124. Recommendations for traders still the same - to buy.
Managers of Citigroup were a little surprised by the high prices for the new model but came to almost the same conclusions. According to them, traders will definitely regard this fact as a positive, given the high expectations of the total profit from sales of the new iPhone. The Citigroup believe that Apple stock will rise to a level of $120.
In summary, PaxForex recommends that those who are not standing in queues, waiting to buy first a new model of the famous device, not to miss the moment and do a much more interesting thing - trading the shares of the manufacturer.
So you canOpen accountand rise with Apple shares together or if you have PaxForex account, Deposit it and trade shares already today.