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)

Shauna O'Brien

|

Apple logo in blue
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.
Symbol Mutual Fund Stake
Liquid error: internal Vanguard Total Stock Market Index 1.70%
Liquid error: internal Vanguard 500 Index 1.09%
Liquid error: internal Vanguard Growth Index 0.51%

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).

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Apple logo in blue

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

Shauna O'Brien

|

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.
Symbol Mutual Fund Stake
Liquid error: internal Vanguard Total Stock Market Index 1.70%
Liquid error: internal Vanguard 500 Index 1.09%
Liquid error: internal Vanguard Growth Index 0.51%

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).

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

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