Apple (AAPL) Price Target Raised to $530 at Goldman Sachs

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Go back to Apple (AAPL) Price Target Raised to $530 at Goldman Sachs

Apple (AAPL) Sept. Margin Guidance Stirs Controversy

July 24, 2013 11:12 AM EDT

Shares of Apple (NASDAQ: AAPL) climbed on Wednesday following positive Q3 results. Apple also provided margin guidance of 36%-37% for September quarter, creating debate on Wall Street. In the view of Deutsche Bank's Chris Whitmore, the margin guidance raises questions about its upcoming new product cycle.

"It is difficult to read much into this guidance as Apple provided very little color as to what is driving the wider range of potential revenue outcomes ($3B range vs. $2B... More

Apple (AAPL) Delivers in Q3, Estimates Rise on Lower Share Count - Needham & Company

July 24, 2013 9:48 AM EDT

Needham & Company analyst Charlie Wolf reiterated a Buy rating and $710 price target on Apple (NASDAQ: AAPL) following in-line third quarter results.

The firm raised fiscal 2013 estimate from $38.90 to $39.00 and 2014 estimate from $41.30 to $42.00 chiefly because of a decrease in shares outstanding.

Wolf notes the upside surprise was iPhone sales, which totaled 31.2... More

Lazard Maintains Buy on Apple (AAPL) Post-FQ3 Report; Older iPhone Sales Aren't Bad! No, Really!

July 24, 2013 8:29 AM EDT

Lazard Capital maintains a Buy rating and $500 price target on Apple (Nasdaq: AAPL) following fiscal third-quarter 2013 results Tuesday night.

Analyst Edward Parker said, September numbers are headed lower again, but there's been ample talk of this in the market including a growing consensus that F3Q is the last shoe to drop. Unfortunately, commentary... More

UPDATE: Apple (AAPL) Margins Remain Strong; BMO Capital Raises to Outperform

July 24, 2013 7:53 AM EDT

(Updated - July 24, 2013 8:17 AM EDT)

BMO Capital upgraded Apple (NASDAQ: AAPL) from Market Perform to Outperform with a price target of $480.00 (unchanged). Analyst Keith Bachman is comfortable with his $480 price target and thinks the stock will move higher.

Commenting on Apple's Q3 earnings report, Bachman said, "The most important metric for us was... More

FBR Maintains Bullish View on Apple (AAPL) Post Q3 Earnings; Product Refresh May Not Arrive Until October

July 24, 2013 7:25 AM EDT

FBR Capital reiterated an Outperform rating and $500 price target on Apple (NASDAQ: AAPL) following Q3 earnings, which showed better iPhone sales and weaker iPad sales.

"We fully concede that the rate of innovation and consistency of execution at Apple have declined considerably over the past 18 months, but we continue to expect a fresh iPhone... More

Apple (AAPL) Estimates Raised at Jefferies After Q3 Earnings; Hold Rating Maintained

July 24, 2013 7:00 AM EDT

Jefferies analyst Peter Misek raised estimates on Apple (NASDAQ: AAPL) post Q3 earnings, but reiterated a Hold rating and $405 price target.

Misek weighs in: CQ2 EPS beat expectations mainly due to lower share count with iPhone strength offsetting iPad weakness.... More

Apple (AAPL) CFO says new products to arrive in October

July 23, 2013 5:26 PM EDT

Apple, Inc. (NASDAQ: AAPL) CFO says new products to arrive in October... More

Apple, Inc. (AAPL) Tops Q3 EPS by 15c, Sales Beat

July 23, 2013 4:30 PM EDT

(Updated - July 23, 2013 4:35 PM EDT)

Apple, Inc. (NASDAQ: AAPL) reported Q3 earnings per share of $7.47, $0.15 better than the analyst estimate of $7.32. Revenue for the quarter came in at $35.3 billion versus the consensus estimate of $35.01 billion.

The Company sold 31.2 million iPhones, a record for the June quarter, compared to 26 million in the year-ago quarter. The... More