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Apple Stock Is Cheaper Than Clorox, Analyst Says. His Price Target Is Street’s Highest.

With (AAPL) shares hovering around $500 , the stock is about 15% above the average price target among Wall Street analysts. If an analyst chooses a higher target price, how do they justify it? Cowen analyst Krish Sankar opted for the latter option on Tuesday morning, repeating his Outperform rating on Apple (ticker: AAPL) shares, while boosting his price target to $530. Read More...

With (AAPL) shares hovering around $500 , the stock is about 15% above the average price target among Wall Street analysts. If an analyst chooses a higher target price, how do they justify it? Cowen analyst Krish Sankar opted for the latter option on Tuesday morning, repeating his Outperform rating on Apple (ticker: AAPL) shares, while boosting his price target to $530.

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