Apple Inc. (NASDAQ:AAPL) is expected to launch a 5.8-inch smartphone, possibly dubbed iPhone 8, in September. Analysts believe that it will be a hit iPhone.
The iPhone 8 is rumored to come with some great features including wireless charging, edge-to-edge OLED display, and a 3D camera.
Over the past month, several analysts have raised their price targets for Apple’s stock to between $150 and $185, according to a report from Mac Rumors which obtained research notes.
Recently, Citi analyst Jim Suva raised his AAPL price target to $160.
Late last month, BMO Capital Markets analyst Tim Long rose his target to $160.
Long believes that Apple’s new smartphones – iPhone 8, iPhone 7s and 7s Plus – will drive the “biggest refresh cycle” since the iPhone 6 in 2014.
Recently, Morgan Stanley analyst Katy Huberty raised her price target on AAPL to $154 from $150, with an “overweight” rating.
Meanwhile, UBS analyst Steven Milunovich raised his price target to $151 from $138, with a “buy” rating. Guggenheim Securities analyst Robert Cihra reportedly raised his price target to $180 from $150 on the Apple stock.
On Monday, Apple stock closed at $139.34. The stock up 20% for the year. During the past the stock has increased more than 26%.
iPhone 8 Rumors
KGI Securities analyst Ming-Chi Kuo predicted that Apple will add a “revolutionary” front-facing 3D camera to the iPhone 8. The 3D camera system would be used for a variety of applications, from biometric authentication to games, to the famous analyst said.
The iPhone 8 is rumored to feature an edge-to-edge OLED display with glass back. The company might embed key components— including the FaceTime camera—within the display.
Also, reports suggest that Apple Inc. (NASDAQ:AAPL) will remove the Touch ID home button and replace it with a “function area”, inspired by the MacBook Pro Touch Bar.
The iPhone 8 is said to feature wireless charging. According to reports from different sources, the iPhone maker is building a long-distance wireless charging technology.
The iPhone 8 is reportedly an expensive smartphone, selling at $1,000.