Bank of America raised its price target on Apple to $410 from $390 on Wednesday morning and said it sees the stock continuing on its upward trajectory. Follow along with the latest stock market updates here:
Morgan Stanley raises price target on Netflix to $575 from $485and said that "scale is a strategic advantage" for the streaming giant. The firm raised its price target on the stock to $575 from $485.
"While near term data points are getting more constructive, we also think positioning has a significant role in the near term price action,"analyst Wamsi Mohan said. "We think that investors are viewingas a liquid investment to weather an uncertain environment, a tech "story" stock with a catalyst of 5G, a large cap tech name relatively less exposed to the regulatory risks , a beneficiary of passive inflows, and an alternative to low rates," he said.
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