Could Apple Stock Be Headed to $400?

Apple Inc. (NASDAQ:AAPL) shares are swinging on Monday. Rothschild Redburn upgraded the stock to Buy from Neutral rating and sharply raised its price target. Apple stock is holding steady today. What should traders watch with AAPL? Rothschild Redburn Upgrades Apple, Raises Price Target to $400 Rothschild Redburn analyst James Cordwell upgraded Apple to Buy from Neutral and raised his price target to $400 from $260, a 53.85% increase that implies about 30.75% upside from the stock’s current price of $305.93. Cordwell pointed to Apple’s tightly integrated hardware, custom chips and expanding services business as the core of his thesis, estimating Apple’s installed base at 2.55 billion devices with customer loyalty he described as difficult for competitors to match. He said Apple’s services business remains the most valuable part of the company, growing three times fa...