Credit Suisse Starts Apple (AAPL) at Outperform, Sees 50% Upside

March 17, 2011 7:03 AM EDT Send to a Friend
Get Alerts AAPL Hot Sheet
Price: $105.22 +0.37%

Rating Summary:
    55 Buy, 10 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 24 | Down: 28 | New: 14
Trade AAPL Now!
Join SI Premium – FREE
Credit Suisse initiates coverage on Apple (NASDAQ: AAPL) with a Outperform rating and $500 price target, suggesting upside of nearly 52 percent to yesterday's close.

The firm said the company can deliver revenue and earnings growth of 50% and 46%, respectively, over the next two years, which is well ahead of consensus of 24% growth in 2012.

The firm sees the company's smartphone share rising to 20% in 2012, with units of 72 million in 2011 and 112 million in 2012. iPad should become a $34 billion business by 2012 they said.

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

Shares of Apple closed at $330.01 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Hot New Coverage, New Coverage, Trader Talk

Related Entities

Credit Suisse, Earnings

Add Your Comment