Apple Is Currently Undervalued According to Senior Analyst at Mizuho
Technology stocks have been volatile, but there are opportunities in names like Apple, Red Hat and Salesforce.com says a senior analyst from Mizuho.
Stock of Apple (AAPL) - Get Report is currently undervalued, says Abhey Lamba, a senior analyst at Mizuho Securities, who says the shares should be traded in the range of $120 to $130 a share. Lamba also says there is a good possibility for a mega upgrade cycle for the iPhone in 2017, a year that marks the tenth anniversary of the iPhone. While technology shares have been volatile since the election, Lamba says there are several other companies that are attractive investments right now, including Salesforce.com (CRM) - Get Report , ServiceNow (NOW) - Get Report , Commvault (CVLT) - Get Report and Red Hat (RHT) - Get Report .
