Credit Suisse on Thursday launched analyst coverage of Apple with an outperform rating and a price target of US$500 a share, reports “MarketWatch” (http://macte.ch/9XqCp).
“We conclude that Apple should be able to deliver outsized revenue/earnings growth of 50%/46% over the next two years, which is significantly ahead of consensus expectations, given a sustained competitive advantage in software, hardware and services/apps ecosystem,” analyst Kulbinder Garcha said in a note to clients.