Apple Inc.’s stock fell 0.6% in premarket trade, putting it in danger of snapping a seven-session win streak, despite continued upbeat comments from analysts. Pacific Crest’s Andy Hargreaves raised the stock price target to $129, which is 11% above current levels, from $121. “We continue to recommend buying AAPL,” Hargreaves wrote in a note to clients. “We believe current iPhone expectations are reasonable, and see the potential for upside to Street profit expectations over the next year from strong app store sales, among other things.” The stock closed Wednesday at a 10-month high. It has gained ground the past seven sessions–it rose 4.3% during that stretch–the longest such streak since the seven-session stretch ending Feb. 18, 2015.
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