(News Bulletin 247) – Wells Fargo reiterated its ‘overweight’ recommendation on Apple stock on Tuesday, with a price target raised from $185 to $210.
In a research note, the analyst points out that the augmented reality/virtual reality (AR/VR) headset unveiled yesterday by the Californian group is ‘very impressive’, but also that it will ‘not be cheap’ (3499 dollars).
Therefore, the intermediary indicates to expect that ‘investors will debate the implications of the new device, both in terms of commercial success and types of models’.
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