NEW YORK (TheStreet) -- Shares of Apple Inc. (AAPL) are gaining, up 1.18% to $115.33 in afternoon trading Tuesday, following the technology company's price target increases by analysts at BTIG and Oppenheimer.
The consumer technology company had its price target raised to $135 from $128 by analysts at BTIG. The firm expects Apple to benefit from a higher mix of larger capacity iPhones, driven by the larger screens and improved video recording capabilities.
The iPhone maker also had its price target increased to $130 from $115 by analysts at Oppenheimer. The firm said Apple is well positioned for the long-term, and added that the company has developed the most comprehensive and complementary product portfolio.
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Separately, TheStreet Ratings team rates APPLE INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate APPLE INC (AAPL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, notable return on equity and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."