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- Tigress Financial analyst Ivan Feinseth has raised the price target on Apple Inc AAPL to $198 from $182, implying a 36.1% upside, and reiterated a Strong Buy.
- Feinseth saw a potential return of over 36% from current levels in the next 12 months.
- Strong product demand, new product introductions, and accelerating Services revenue will continue to drive "significant" revenue and economic profit growth, Feinseth noted.
- Feinseth believed Apple continued to innovate with ongoing new product introductions, "adding significant value to its products by giving consumers more power and functionality."
- Price Action: AAPL shares traded higher by 1.46% at $145.51 on the last check Wednesday.
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