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Follow on Google News | Warwick Ventures Keeping an Eye on Rising Apple Inc. StockWarwick Ventures has urged its investment team to pay close attention to Apple Inc. as analyst experts upgrade the stock's rating.
By: Steve Holmes . UBS expects the growing installed base of iPhone users, combined with the stickiness of the App Store, to drive a recurring hardware revenue stream. Continued iPhone expansion driven by new partnerships are also expected to help iPhone hardware revenue, a Warwick Ventures analyst said, and raised the price target on Apple stock to $265 from $170, citing a UBS report. Warwick Ventures expects Apple to post a strong quarter with potential upside to Street estimates and believes the December quarter should also see strong growth helped by seasonality and operator competition in some regions. Shares of Cupertino, California-based Apple were up 69 cents at $181.55 in trading before the bell. They closed at $180.86 Thursday on Nasdaq. # # # Warwick Ventures is a Venture Capital firm specializing in the creation and development of small and mid cap companies Our expertise lies in our ability to identify fututre winners before the market. Our strategy is to work with these and help them grow. End
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