Apple's Sept. 9 event, where it is expected to introduce a new iPhone and Apple TV, will likely be a catalyst for shares of the company, RBC Capital Markets told investors on Friday, while reiterating its $150 price target.
Analyst Amit Daryanani has maintained his "outperform" rating on shares of AAPL in his latest research note, a copy of which was provided to AppleInsider. In his view, Apple's Sept. 9 presentation will "provide investors with better clarity around the new product line-up, and also give insight into the potential for this upgrade and share gain cycle to sustain over the next several quarter."