Barclays Raises Numbers on Apple (AAPL): Never Heard of...Setting The Bar Too High
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Price: $445.15 +0.68%
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade AAPL Now!
Barclays reiterates an 'Overweight' on Apple (NASDAQ: AAPL) price target of $810.00 (from $750.00).
Analyst, Ben A. Reitzes, commented after attending Apple's launch of the iPhone 5, saying most of the announcement was expected (faster, larger screen, thinner design, better Siri/Nav)
Looking forward, Reitzes, said, "...we look forward to another major product launch with the iPad Mini and new Macs later this fall creating a unique holiday season for Apple (the mini still isn't in our model). We are raising our estimates based on our view that iPhone 5 sales may ramp quickly starting in the December quarter - after some stock outs this month."
Barclays now sees Q1 EPS/revenue at $15.36/$34.86B. FY13 now at $53.72/$195.06B and FY14 at $62.10/$230.19B
For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.
Shares of Apple closed at $669.79 yesterday, with a 52 week range of $354.24-$683.29.
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Analyst, Ben A. Reitzes, commented after attending Apple's launch of the iPhone 5, saying most of the announcement was expected (faster, larger screen, thinner design, better Siri/Nav)
Looking forward, Reitzes, said, "...we look forward to another major product launch with the iPad Mini and new Macs later this fall creating a unique holiday season for Apple (the mini still isn't in our model). We are raising our estimates based on our view that iPhone 5 sales may ramp quickly starting in the December quarter - after some stock outs this month."
Barclays now sees Q1 EPS/revenue at $15.36/$34.86B. FY13 now at $53.72/$195.06B and FY14 at $62.10/$230.19B
For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.
Shares of Apple closed at $669.79 yesterday, with a 52 week range of $354.24-$683.29.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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