RBC ups Apple price target to $100, sees 'iPhone 6' & new product categories driving growth

By Neil Hughes

Following this week's stock split, RBC Capital Markets sees shares of Apple reaching near-record highs in the second half of 2014, based on the strength of the expected "iPhone 6," as well as hotly anticipated new product categories from the company.


"iPhone 6" and "iPhone 6c" concepts by Martin Hajek.

Analyst Amit Daryanani issued a note to investors on Thursday, a copy of which was provided to AppleInsider, revealing his new price target of $100 per share of AAPL. That's up from his previous prediction of $96 per share, which itself was $675 prior to the company's 7-for-1 split that took effect on Monday.