A recent pullback in Apple Inc.'s stock has some analysts worried investors may be missing out on the company's ongoing "transformational super cycle." On Tuesday, Cantor Fitzgerald reiterated a buy rating and $195 12-month target on the stock and said it believes Apple's future prospects "have never been brighter" despite the recent pullback triggered by concerns over Apple Watch sales and the sharp selloff in China's stock market. Separately, FBR & Co. reiterated an outperform rating and $185 stock target, and raised its June-quarter estimates for earnings per share and revenue on expectations of higher-than-expected iPhone sales. FBR said the macro concerns in China, and doubts on the success of Apple Watch remain a "near-term overhang" for investors. The stock is down roughly 5% since the company's March-quarter results. "We view the last few months as a 'speed bump' for Apple's stock/multiple," said FBR analyst Dan Ives. Shares of Apple traded flat around $125.69 in premarket trade.
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