Seeking Alpha Breaking News and StreetInsider and have the note.
I haven’t got my hands on his report yet, but two usually reliable sources say Guggenheim analyst Robert Cihra on Tuesday raised his Apple price to $180.
StreetInsider has this excerpt:
Key drivers are our expectation for both iPhone unit growth and ASP increases to reaccelerate over the next 2 years (compounding leverage), but also the limited supply of new OLED displays to extend the cycle’s timeline over 2-3 years. Adding OLED to just a new higher-priced flagship iPhone X this year then buys Apple another 1-2 years of follow-on cycling as it migrates OLED into lower end models. And 3D sensing technology opens up a whole new potential vector of differentiation and hardware+software innovation. (emphasis theirs)
Reiterate Buy, raise price target to $180 from $150.
CORRECTION: An earlier version of the story had the wrong bank in the headline. Guggenheim is correct. Thanks to reader Gregg Thurman for catching that.