Credit Suisse Raises Estimates and Price Target on Apple (AAPL)
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Price: $309.35 -0.63%
Rating Summary:
45 Buy, 28 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
45 Buy, 28 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Credit Suisse raised Q2 estimates on Apple (Nasdaq: AAPL), citing better-than-expected demand for Macs and iPhones. The firm also raised its price target on Apple to $133.
The firm now sees Apple earning $1.09 in the second quarter on revenues of $7.76 billion. For the year, the firm now sees Apple earnings $5.11 per share on revenues of $34.5 billion.
With shares of Apple trading up 2.8% to $119.56 this morning, Credit Suisse's new price target suggests upside of about 11% from current levels.
For more analyst ratings on AAPL click here.
The firm now sees Apple earning $1.09 in the second quarter on revenues of $7.76 billion. For the year, the firm now sees Apple earnings $5.11 per share on revenues of $34.5 billion.
With shares of Apple trading up 2.8% to $119.56 this morning, Credit Suisse's new price target suggests upside of about 11% from current levels.
For more analyst ratings on AAPL click here.
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