Seeking Alpha notes that fears about a delay in the new iPhone have faded after upbeat management commentary, says RBC analyst Amit Daryanani, putting Apple on track to be the first $1 trillion company.
He adds that Apple’s “impressive guidance” suggests the release could come at the end of September. Daryanani keeps his outlook on the company’s stock at “Outperform” and raises the price target to $176 from $168.
JPMorgan’s Rod Hall says the better iPhone outlook is likely thanks to two new LCD model 7s he expects will be shipping in September. The stock, he says, is now rebounding to “pre-delay” levels. He has lifted his Apple stock price target from $165 to $176.
Meanwhile, Piper Jaffray’s Michael Olsen seems to concur. He’s boosted his price target to $190 from $158.
