March 20, 2017 / 2:58 AM / 8 months ago

Apple stock could jump 10 percent in 6 months - Barron's

NEW YORK (Reuters) - The stock of technology giant Apple Inc could increase another 10 percent in six months because of growth in its service divisions and buzz around a new iPhone model, Barron’s wrote in an article posted Saturday.

A 3D printed Apple logo is seen in front of a displayed stock graph in this photo illustration taken April 28, 2016. REUTERS/Dado Ruvic/Illustration/File Photo

The business and investing publication cited offerings such as AppleCare, iTunes and iCloud in noting that the “company’s high-margin services revenue probably will continue to race quietly higher.”

“As high-margin services grow, Apple could earn a higher valuation. And shares could hit $155 on iPhone,” Barron’s wrote.

The stock trades around $140 now, up more than 20 percent in 2017.

Reporting by Lawrence Delevingne; Editing by Phil Berlowitz

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