Needham & Company Maintains a 'Buy' on Apple (AAPL); Strong Pace Eliminates Post-Jobs Risk
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Price: $305.26 +1.00%
Rating Summary:
44 Buy, 29 Hold, 9 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 9
Rating Summary:
44 Buy, 29 Hold, 9 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 9
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Needham & Company maintains a 'Buy' on Apple (NASDAQ: AAPL) price target of $750.00.
Analyst, Charlie Wolf, said, "In a tour-de-force, Apple introduced iPhone 5, upgrading virtually every feature of the phone’s hardware, software and ecosystem. In doing so, in our opinion the iPhone has enhanced its already elevated stature as the gold standard of the smartphone industry."
"The lingering risk that we see in the Apple story is that the company may no longer innovate at the same pace with the same disruption that characterized the Steve Jobs era. However, the announcements today certainly diminish this risk, if not eliminate it."
Needham maintains FY12/13 EPS estimate at $43.75 and $50.00.
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 $669.79 yesterday.
Analyst, Charlie Wolf, said, "In a tour-de-force, Apple introduced iPhone 5, upgrading virtually every feature of the phone’s hardware, software and ecosystem. In doing so, in our opinion the iPhone has enhanced its already elevated stature as the gold standard of the smartphone industry."
"The lingering risk that we see in the Apple story is that the company may no longer innovate at the same pace with the same disruption that characterized the Steve Jobs era. However, the announcements today certainly diminish this risk, if not eliminate it."
Needham maintains FY12/13 EPS estimate at $43.75 and $50.00.
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 $669.79 yesterday.
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