Goldman Revives HTC: VR Is The Next Big Product And HTC Is The New Apple

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Will virtual reality toys be as dominant as smartphones today and HTC Corp. (2498.Taiwan) be the next Apple (AAPL)?

Goldman Sachs thinks so.

HTC soared 8.8% in Taipei after Goldman initiated its coverage with a "conviction" buy. Its price target of 95 new Taiwan dollars implies 41% upside (before the market open), "the most in our coverage [of stocks]," pumped the bank.