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Why Jim Lebenthal Thinks Apple Stock Is Headed To $175 This Year

Benzinga2021-07-12

After a slow start to the year,Apple Inc(NASDAQ:AAPL) made a new all-time high in Friday's trading session.

When Apple sets a new high, the stock usually rides the momentum and goes a lot higher, Cerity Partners'Jim Lebenthalsaid on CNBC's "Fast Money Halftime Report."

The one exception to this was when Apple pulled back at the beginning of the year after making a new high, Lebenthal noted. He believes that instance was an aberration.

When Apple was in the $120 range in March, Lebenthal said he had a $150 price target on the stock. Apple is going to hit $150 this month, he said, adding that he now believes Apple will reach $175 before the end of 2021.

Price Action:Apple is up 9.27% year-to-date. The stock last closed at $145.11.

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Comment10

  • _Batman_
    ·2021-07-12
    Looks promising.. any comments? To buy now orwait ?
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  • Linh2
    ·2021-07-12
    ok
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  • DK21
    ·2021-07-12
    Slowly picking up
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  • Jetblackeyes
    ·2021-07-12
    @yvneyngbe patient it’s coming 
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    • Jetblackeyes
      To the moon
      2021-07-12
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    • yvneyng
      Wewww
      2021-07-12
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  • GANCL
    ·2021-07-12
    For long term investment 
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  • vincentheng8
    ·2021-07-12
    Up and up to the moon 5G and apple car!!!!
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    • ngchris
      yes. waiting for these announcements.  hopefully soon.
      2021-07-12
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  • Jenjorjack
    ·2021-07-12
    Eventually. This year a not not that sure. But better wait for a nice pull back for a better margin of safety
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  • Lynnhc
    ·2021-07-12
    Nice
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  • hydros
    ·2021-07-12
    Careful when analysts give lofty valuations after a big run up
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    • DKHT20042021
      agree
      2021-07-19
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    • ckww
      Agree
      2021-07-12
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    • Huat899
      Pls like and comment back, thanks
      2021-07-12
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    View more 1 comments
  • henghm
    ·2021-07-12
    Like and comment
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    • Huat899
      Pls like and comment back, thanks
      2021-07-12
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    • ckww
      Done
      2021-07-12
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