apple stock prices target buy rating 2012-2013

Goldman apple stock prices target Buy rating 2012 : Goldman Sachs analyst Bill Shope this morning reiterated his Buy rating on Apple shares, lifting his target on the stock to $750, from $700 and raising earnings estimates.

Goldman lifted its 12-month Apple price target by 7% to $750 from $700. The investment bank also hiked its second-quarter revenue and earnings estimates to $36.9 billion and $10.18 a share, respectively, from $34.2 billion and $9.36 a share, citing strength in iPhone and iPad sales. The current average estimate of analysts polled by Thomson Reuters is for a profit of $9.95 a share on revenue of $36.64 billion. Read apple financial result Q2 Report

For calendar year 2012, Goldman expects revenue of $166.9 billion and earnings of $45.76 a share, compared to its prior estimate for revenue of $158.2 billion and earnings of $43.86 a share. The firm also increased its 2013 sales and earnings forecast from $186.6 billion and $53 a share, respectively, to $200 billion and $56.67 a share.

For the latest updates on the stock market, PRESS CTR + D or visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post: