Apple (AAPL) this morning is the subject of a pair of bullish analyst notes ahead of tomorrow’s March quarter earnings announcement.
- Thomas Weisel Partners analyst Doug Reid says FY Q2 results should be in line with the consensus; he thinks the company as per usual will guide the June quarter below current estimates. Reid thinks the stock could take a “breather” after the quarter, creating a buying opportunity in the stock. But Reid raises his own forecast for the March quarter to $12.06 billion in revenue and $2.45 a share from $11.76 billion and $2.439. For FY 2010, he goes to $12.04 a share, from $11.66. And for 2011, he now sees profits of $14.01 a share, up from $12.71. Reid lifts his price target on Apple to $300, from $280, and keeps his Overweight rating.
- Kaufman Bros. analyst Shaw Wu this morning raised his 2010 EPS forecast to $12 from $11.50, while boosting 2011 to $14, from $13.50, to reflect higher iPhone sales and strong iPad momentum. He also thinks June quarter guidance could be less conservative than usual due to the iPad launch and the refresh of the MacBook Pro. Wu boosted his target on the stock to $305, from $295, and maintains his Buy rating.
AAPL this morning is off a penny at $247.39.
No comments:
Post a Comment