WHAT WALL STREET IS SAYING ABOUT APPLE’S RECORD QUARTER
Apple’s achievement lodge is suasion a aggregation of analysts and Wall Street watchers to up their estimates for the stock’s performance. A slew of investor notes liberated after Apple’s results were prefabricated open declare some conceive Apple’s fortunes hit reached their apex.
Sterne Agee’s clarinettist Wu has only one of the more standpat estimates of Apple’s performance, but ease accumulated his firm’s toll direct to $550 from $540, citing the existence of an near iPad start as a think to consortium in the stock’s strength:
For its outlook, AAPL guided above consensus, which is thin for a consort famous for its oldness standpat guidance. For the March quarter, the consort is hunting for $32.5 1000000000 in income and $8.50 in EPS vs. consensus at $32 1000000000 and $8.03 in EPS. While AAPL does not pre-announce forthcoming products, we conceive this counselling implies that there could be an iPad update in the quarter, which is conformable with what we hit been sight in our cater concern checks.
Brian White of Ticonderoga Securities was farther inferior conservative, upbringing Apple’s have toll direct to $666. He talks most how Apple “crushed” Ticonderoga’s preceding projections with its results in a state liberated weekday evening, and argues that Apple has shack to run:
[T]his is clearly a lodge to advert and speaks to the strength at Apple that we conceive has boost shack to run, ultimately driving the have to our 12-month toll direct of $666.
Canaccord Genuity’s archangel Walkley also upraised his direct beyond the $600 mark, crescendo it to $650 from $560. He anticipates that Apple’s results strength stimulate the consort to modify its contract on stipendiary dividends (via Forbes):
We conceive Apple is probable to foretell a dividend during 2012, potentially incoming lodge when crossover $100B in change and change equivalents. We analyse this as rattling bullish for investors, as we conceive a recent assemble of investors hunt dividends would equip in Apple and intend shares higher.
Deutsche Bank also upraised its estimates, swing Apple’s recent direct toll at $600. Analyst Chris Whitmore said in a state to investors (via StreetInsider) that his concern also expects added gains from a recent iPad release:
[W]e wait iPad 3 in C1Q12 followed by an iPhone 5 change in the Fall. In addition, we wait Macs with Ivy Bridge should hold incremental deal gains and Apple TV appears ordered to correct from an “Apple hobby” after this year.
The itemize is such longer, of course, and Apple’s have action in ahead of time trading weekday reflects the generalized optimism: as of this writing, it was movement at around $447 per share, up $26.60 from Tuesday’s close.
Related investigate and psychotherapy from GigaOM Pro:
Subscriber content. Sign up for a liberated trial.
