Apple price target raised to $133 from $120 at DA Davidson

DA Davidson analyst Tom Forte raised the firm’s price target on Apple to $133 from $120 and keeps a Buy rating on the shares after its Q4 results.

The analyst sees the company’s first lineup of 5G network smartphones being “better positioned than investors appreciate” because of the carrier support for the devices, the “favorable” discretionary income trends, and the vast opportunity in work-from-home and remote-learning environments.