Auriga Boosts Price Target on Apple (AAPL) to $650
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Price: $309.38 +1.96%
Rating Summary:
44 Buy, 30 Hold, 8 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 20 | New: 23
Rating Summary:
44 Buy, 30 Hold, 8 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 20 | New: 23
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Auriga raised its price target on Apple (NASDAQ: AAPL) from $550 to $650 following huge Q1 results. The firm maintained their Buy rating.
The firm sees momentum continuing and sees substantial upside to the consensus for the 2nd-half of FY12 and FY13. The firm's new estimates assumes 55% top-line growth in FY12.
They see FY12 revenues of $167.6 billion and EPS of $45.66 and FY13 revenues of $197.9 billion and EPS of $48.93.
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.
The firm sees momentum continuing and sees substantial upside to the consensus for the 2nd-half of FY12 and FY13. The firm's new estimates assumes 55% top-line growth in FY12.
They see FY12 revenues of $167.6 billion and EPS of $45.66 and FY13 revenues of $197.9 billion and EPS of $48.93.
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.
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