Apple Stock Will Jump to $125, According to This Analyst

Investors are underestimating the ability of Apple's (NASDAQ: AAPL) wearables business to fuel its growth.

So says Citi analyst Jim Suva. On Monday, Suva reiterated his buy rating on Apple's shares and lifted his price forecast from $112.50 to $125. His new target represents potential rewards for shareholders of approximately 13% from the stock's current price near $110.

Citi analyst Jim Suva is bullish on Apple's stock. Image source: Getty Images.

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Source Fool.com