Raymond James Raises Price Target on Apple to $160

Chris Caso of Raymond James discusses Apple's raised price target and outperform rating, highlighting the company's strong performance despite pandemic challenges. He emphasizes the significance of the 5G cycle, which is expected to last two years, and the importance of future developments. The discussion also covers the challenges in valuing Apple due to market volatility and the company's transition from a hardware to a services-oriented business.

What are the expectations for Apple's new products and features in the coming year?

What does Chris mean by saying that Apple's multiple has re-rated over the last year?