Shares of the tech giant, which hit a new high of $703.99 earlier this week, closed down 0.48% at $698.70 on Thursday, a day after the company made its latest operating system, iOS 6, available.
Apple (AAPL) received a dose of Deutsche Bank’s bullishness this morning in the form of a raised price target by the bank to $850.
While headlines are saturated with iPhone 5 related stories, largely related to how highly in demand Apple’s latest iteration of its flagship product is, Deutsche Bank believes the hype will translate into robust sales figures and propel the stock to new heights.
The $850 price target implies 21.6% upside from yesterday’s close, just a hair shy of $700.
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