Oppenheimer Boosts Numbers on Apple (AAPL) Following Results
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Price: $305.93 --0%
Rating Summary:
45 Buy, 28 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 9 | New: 13
Rating Summary:
45 Buy, 28 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 9 | New: 13
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Oppenheimer raised its price target on Outperform-rated Apple (NASDAQ: AAPL) from $460 to $510 following blowout results.
The firm said they remain bullish on the shares and are raising FY12 estimates significantly. They see the biggest growth opportunity coming from expanding the iPhone's reach internationally and deeper into the mid-tier. Also there's good room for for iPad growth, more Mac expansion and new markets with smart TVs a clear opportunity.
The firm raised FY12 EPS estimates from $34.64 to $45.14 and FY13 from $37.95 to $52.37.
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 said they remain bullish on the shares and are raising FY12 estimates significantly. They see the biggest growth opportunity coming from expanding the iPhone's reach internationally and deeper into the mid-tier. Also there's good room for for iPad growth, more Mac expansion and new markets with smart TVs a clear opportunity.
The firm raised FY12 EPS estimates from $34.64 to $45.14 and FY13 from $37.95 to $52.37.
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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