Piper Jaffray's Gene Munster Sees 1 Million iPad Sales on Friday (AAPL)
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Rating Summary:
45 Buy, 28 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 12 | New: 19
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Piper Jaffray's Gene Munster thinks Apple (NASDAQ: AAPL) could sell more than a million iPads on Friday, when the new device launches in stores.
Apple has already sold out of pre-order inventory.
Munster said this would bode well for March quarter iPad sales, with Wall Street estimating 10.1 million iPads in the quarter. He reiterated an Overweight rating and $670 price target on Apple.
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 $545.17 yesterday.
Apple has already sold out of pre-order inventory.
Munster said this would bode well for March quarter iPad sales, with Wall Street estimating 10.1 million iPads in the quarter. He reiterated an Overweight rating and $670 price target on Apple.
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 $545.17 yesterday.
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