What Today's Apple Upgrade Means for Mutual Fund Investors (AAPL)

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What Today's Apple Upgrade Means for Mutual Fund Investors (AAPL)

Apple inc logo in blue
Apple received another price target increase on Monday morning – here’s what it means for mutual fund investors.

Inside the Upgrade

On Monday morning, Global Equities Research analyst Trip Chowdhry reported that he has boosted his price target on Apple from $130 to $142, suggesting a 30% upside to the stock’s current price. In addition to lifting the company’s price target, the analyst also reported that the iWatch could be the most successful product in Apple’s history.

The analyst noted that the average smartphone owner takes their phone out of their pocket 110 times per day; with the watch, users would not have to do this.

Yet Another Analyst Upgrade

Over the last few months, Apple has seen numerous upgrades and price target increases. We believe that this new price target is ambitious for Apple considering that most of the excitement over new products may already be priced in.

It is also difficult to say that the iWatch will be the most successful Apple product since the concept has not yet been proven. Watches have been a successful fashion accessory, but smart watches have not yet been a proven success.

Mutual Funds to Watch

Investors seeking exposure to Apple may consider a mutual fund investment. The funds below currently hold the highest stakes in the company.

The Bottom Line

By investing in one of the funds above, investors are able to gain exposure to a wide range of holdings and industries. Investors interested in Apple may also be interested in Google (GOOG) and Microsoft (MSFT).

Shares of Apple are up 38% YTD.


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Why 30 trillion is invested in mutual funds book

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Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.


Read Next

Apple inc logo in blue

What Today's Apple Upgrade Means for Mutual Fund Investors (AAPL)

Apple received another price target increase on Monday morning – here’s what it means for mutual fund investors.

Inside the Upgrade

On Monday morning, Global Equities Research analyst Trip Chowdhry reported that he has boosted his price target on Apple from $130 to $142, suggesting a 30% upside to the stock’s current price. In addition to lifting the company’s price target, the analyst also reported that the iWatch could be the most successful product in Apple’s history.

The analyst noted that the average smartphone owner takes their phone out of their pocket 110 times per day; with the watch, users would not have to do this.

Yet Another Analyst Upgrade

Over the last few months, Apple has seen numerous upgrades and price target increases. We believe that this new price target is ambitious for Apple considering that most of the excitement over new products may already be priced in.

It is also difficult to say that the iWatch will be the most successful Apple product since the concept has not yet been proven. Watches have been a successful fashion accessory, but smart watches have not yet been a proven success.

Mutual Funds to Watch

Investors seeking exposure to Apple may consider a mutual fund investment. The funds below currently hold the highest stakes in the company.

The Bottom Line

By investing in one of the funds above, investors are able to gain exposure to a wide range of holdings and industries. Investors interested in Apple may also be interested in Google (GOOG) and Microsoft (MSFT).

Shares of Apple are up 38% YTD.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.


Read Next