Credit Suisse hikes price target for Apple, says App Store growth is accelerating

People wearing face masks look at a cellphone outside an Apple store during a May Day holiday in Shanghai on May 1, 2020.
Hector Retamal | AFP | Getty Images

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Apple could be seeing a delayed boost from the stay-at-home period that much of the world found itself in during the pandemic, according to a new note from Credit Suisse. 

The bank raised its price target on the stock, saying in a new note that it is seeing accelerated growth in the company's App Store.