Apple (AAPL) 06 (Aug 23 - Dec 26)

[winston]

not vested

AAPL: Forget the iPhone—Services Will Drive the Next Phase of Growth

by Sam Quirke

There's a growing argument that Apple's Services segment is significantly undervalued by the market and could by itself add as much as $13 to the company's share price.

The segment's margins alone, at more than 70%, make it a compelling pillar in the bull's long-term thesis for the stock.

Tigress Financial, Wedbush, and TD Cowen, have all issued or reiterated bullish price targets this month, ranging up to $400, suggesting Wall Street is starting to connect the dots.

Source: Market Beat

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