Over the weekend, Global Equities boosted its price target on Apple (AAPL). Here’s what the move means for mutual fund investors.

Inside the Analyst Move

Global Equities has maintained an “Overweight” rating on Apple, and has boosted its price target from $142 to $150. This new price target suggests a 40% upside from the stock’s current price.

According to analyst Trip Chowdhry, Apple should sell between 40 million to 42 million units of the upcoming iWatch in 2015. He also noted that the first quarter should be a strong quarter for the company.

The analyst noted that the iPhone has been the the most successful product in Apple’s history – and every iPhone user is a potential iWatch user. For the June 2015 quarter, the firm now expects to see revenue of $46.8 billion (up from its previous estimate of $44.5 billion). The firm also expects to see earnings of $1.73 per share (up from its previous estimates of $1.60 per share).

High Expectations for Apple

As Apple continues to grow, so does investor and analyst expectations. Apple is one of the most watched companies in the world and will be closely monitored by fund managers after its first quarter report. Following the report, fund managers will likely make decisions about buying the stock.

Mutual Funds to Watch

Investors seeking exposure to Apple may also consider one of the funds listed below. These funds currently hold the largest 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).