Apple (AAPL) Ticks Higher Ahead of Q3 Results

Upside to iPhone Estimates Likely; Street Underestimates Apple's (AAPL) Q4 Potential - Cowen

Cowen and Company comments on Apple (Nasdaq: AAPL) into the company's FQ314 results, which are expected out after markets close Tuesday.

Analyst Timothy Arcuri is looking for revs of $36.6 billion, EPS of $1.17, and gross margin of 37.8 percent, while the Street is at $37.8 billion, $1.22, and 37.8 percent, respectively. The analyst is also modeling iPhone shipments of 37 to 38 million and comments, We think there is upside to both our and Street numbers driven by ~2-3MM more iPhone units relative to our 35MM estimate... More

Deutsche Bank Previews Apple's (AAPL) Q3

Deutsche Bank maintained a Buy rating on Apple (NASDAQ: AAPL) with a price target of $105. Analyst Sherri Scribner expects a lackluster Q3.

"We expect F3Q-14 results from AAPL to be largely in line with Consensus estimates of sales of $38B and EPS of $1.23. With new iPhones expected to be launched in September, we expect a typical pause in iPhone sales,... More

Apple (AAPL) Price Target Raised to $115 at UBS on Gross Margin Expectations

UBS maintained a Buy rating on Apple (NASDAQ: AAPL) and raised its price target to $115.00 (from $100.00). Analyst Steven Milunovich said he is bullish on gross margins.

"The combination of this quarter's Apple buyer survey and our detailed model leads us to conclude that there is upside to gross margins both near- and intermediate-term. We have tweaked our estimates higher and are above consensus. Both iPhone and iPad product... More

JMP Securities Upgrades Apple (AAPL) to Market Outperform

JMP Securities upgraded Apple (NASDAQ: AAPL) from Market Perform to Market Outperform with a price target of $135.00.

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 $94.43 yesterday.