Apple Inc (AAPL)

[jimmybob]

Apple market cap can exceed $1T, says RBC Capital
RBC Capital analyst Amit Daryanani says that Apple's market cap can exceed $1T, versus its current level of $800B, over the next 12-18 months. The analyst thinks that the company's revenue will increase about 5%-9%, through fiscal 2019, driven by higher prices and unit growth, while its operating margins will rise about one percentage point though cost controls. He predicts that its EPS will increase in the low teen percentage levels as share buybacks continue. Daryanani raised his price target on the stock to $168 from $157 and keeps an Outperform rating on the shares