Needham & Company Maintains a 'Buy' on Apple (AAPL); Crushes the First Quarter
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Price: $433.26 -0.3%
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
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Needham & Company maintains a 'Buy' on Apple (NASDAQ: AAPL) price target of $540.00.
Needham analyst said, "There’s no other way to describe it. Apple reports an awesome first quarter. We’re raising our fiscal 2012 estimate from $38.70 to $41.25 and initiating a 2013 estimate of $53."
"The basis of our buy rating is that with relatively small market shares in the first two, Apple continues to have dramatic opportunities for growth in the PC, smartphone and emerging tablet markets."
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 $420.41 yesterday, with a 52 week range of $310.50-$431.37.
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Needham analyst said, "There’s no other way to describe it. Apple reports an awesome first quarter. We’re raising our fiscal 2012 estimate from $38.70 to $41.25 and initiating a 2013 estimate of $53."
"The basis of our buy rating is that with relatively small market shares in the first two, Apple continues to have dramatic opportunities for growth in the PC, smartphone and emerging tablet markets."
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 $420.41 yesterday, with a 52 week range of $310.50-$431.37.
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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