Susquehanna Raises Price Target on Apple (AAPL), Positive Growth In the iPad & iPhone

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Susquehanna is reiterating their Positive rating on shares of Apple (NASDAQ: AAPL) as the company reported earnings above of the firms estimates of $24.1 billion in revenue and $5.33 for EPS, with $26.7 billion in revenue and an EPS of $6.43. With growth in the iPad and iPhone market not looking to slow down anytime soon, the firm is raising their price target on the market to $445 from $390 to go inline with their new FY11 and FY12 EPS estimates of $22.89 and $25.49 from $19.45 and $21.82.

For more ratings news on Apple click here and for the rating history of Apple click here.

Shares of Apple closed at $340.65 yesterday, with a 52 week range of $190.25-$348.48.

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