Goldman Sachs Calls Apple (AAPL) a "Top Pick" Into Next Week's Earnings
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Price: $423.00 -2.03%
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
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Analysts at Goldman Sachs said Apple Inc. (Nasdaq: AAPL) is their top pick in technology hardware heading into earnings on October 18.
The firm comments, "We expect a solid September quarter 2011 from Apple, with both revenue and EPS upside. Most important, we believe the December quarter could be one for the record books as the company’s new iPhone, iOS 5, and iCloud significantly increase the company's momentum. Indeed, this is one of the few technology stocks in this macroeconomic environment where we believe estimates should still trend much higher."
The firm reiterated their Conviction Buy List rating and $520 price target on the stock.
For more ratings news on Apple click here and for the rating history of Apple click here.
Shares of Apple closed at $408.43 yesterday, with a 52 week range of $297.76-$422.86.
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The firm comments, "We expect a solid September quarter 2011 from Apple, with both revenue and EPS upside. Most important, we believe the December quarter could be one for the record books as the company’s new iPhone, iOS 5, and iCloud significantly increase the company's momentum. Indeed, this is one of the few technology stocks in this macroeconomic environment where we believe estimates should still trend much higher."
The firm reiterated their Conviction Buy List rating and $520 price target on the stock.
For more ratings news on Apple click here and for the rating history of Apple click here.
Shares of Apple closed at $408.43 yesterday, with a 52 week range of $297.76-$422.86.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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Goldman Sachs Conviction Buy List, Goldman Sachs, Earnings
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