Shares of Apple (AAPL) were up more than $10 a share on Friday.

All thanks to earnings, and a historic $100 billion share buyback announcement. However, more upside is likely with two key Apple catalysts quickly nearing.

For one, it will hold a key event on May 7 “amid reports that it would roll out the long-anticipated revamped versions of iPad Pro and iPad Air next month,” according to Reuters. Two, the company is nearing its Worldwide Developers Conference (WWDC) in June, where it’s expected to unveil new artificial intelligence-enabled products.

All of which could help send shares of Apple above $220 near term.

To see a super simple way to predict market direction, click here.

Barclays just raised its price target to $164 from $158. Morgan Stanley just raised its price target to $216, while Canaccord raised its Apple price target to $215, with a buy rating. 

The rationale behind Canaccord’s buy rating “is attributed to several factors: the company’s robust balance sheet, a dedicated customer base, and an increasing proportion of higher-margin services revenue that is expected to drive gross margin expansion,” says


Ian Cooper