Apple’s love affair with Wall Street is back!

Since the surprising downfall of 2016, Apple’s shares have been steadily continuing to increase in value, with market
movements once again pushing the tech giant’s stock price beyond record-setting values and all-time closing highs.

What traders should know:

  • It is likely investors will keep the rising price trend going, with analysts suggesting it can go far higher in fiscal year 2017 (appleinsider.com).
  • Goldman Sachs’ confidence in the 2017 iPhone refresh prompted the firm to raise Apple’s target price to $150.
  • Warren Buffett’s Berkshire Hathaway nearly quadrupled stake in Apple during the fourth quarter of 2016.

What’s ahead for Apple’s stock? The long wait for innovative features, combined with this year marking the iPhone’s tenth anniversary, has only raised expectations that Apple is about to significantly overhaul its smartphone and reignite demand.

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