Jefferies, an investment bank, raised Apple’s target price from $116.25 to $135, pointing out that the 5g product cycle will drive the company’s share price up in the coming months. “The current environment is very favorable for apple, with a lot of room for growth and a variety of catalysts,” Jeffrey said The target price of $135 means there is still 23% room for Apple’s share price to rise. < / P > < p > Jeffrey said that although the current upgrade rate and equipment subsidies in the United States are currently at the lowest level in history, the demand for the new 5giphone will be strong due to “major functional improvements, vigorous marketing by wireless operators, and aging of existing models.”. < / P > < p > Jeffrey’s recent survey also found that 75% of Chinese respondents use iPhone 6, 7 or 8, so the investment bank is also optimistic about Apple’s potential in China. Global Tech