Apple Inc. (AAPL) has received price target hikes following its stellar Q214 earnings beat, massive dividend and buyback increases, and 7-for-1 split announcement.
• Jefferies analyst Peter Misek raised estimates while reiterating a Buy rating and $625 price target on Apple following strong Q2 results driven by very strong iPhone sales. The firm trimmed Q3 EPS from $8.59 to $8.22 while raising FY 2014 EPS from $42.89 to $44.14 and FY 2015 EPS from $51.03 to $51.41.
• Canaccord Genuity analyst Michael Walkley reiterated a Buy rating and boosted his price target on Apple from $600 to $610 following strong Q2 results. The analyst increased his 2014 and 2015 Annual EPS estimates to $44.11 and $50.81, respectively. He increased his 2014 and 2015 Annual Revenue estimate to $181.3B and $199.0B, respectively.
• Nomura Securities analyst Stuart Jeffrey boosted his price target on Apple from $545 to $574 following Q2 results but maintains a Neutral rating. The firm lifts FY14E EPS from $44.28 to $43.73; FY15E EPS from $46.52 to $45.22.
• Goldman Sachs maintained a Buy rating on Apple and raised its price target to $620.00 (from $610.00). Analyst Bill Shope said Apple’s platform showed its strength. “We now forecast FY2014 revenues of $182.03 billion and EPS of $44.70, from $181.24 billion and $44.51 previously. For FY2015, we now estimate revenues of $204.53 billion and EPS of $52.69, from $204.68 billion and $52.59. For FY2016, we now estimate revenues of $230.21 billion and EPS of $62.66, from $230.13 billion and $61.18,” Shope wrote in a note to clients.
• Macquarie boosted their price objective on shares of Apple (NASDAQ:AAPL) from $630.00 to $665.00 in a research note issued to investors on Thursday.
• RBC Capital raised their price target on shares of Apple from $590.00 to $625.00 in a research note on Thursday. They now have an “outperform” rating on the stock.
• BMO Capital Markets lifted their price objective on shares of Apple (NASDAQ:AAPL) from $565.00 to $610.00 in a research note issued on Thursday.
More upgrades and price target increases here.
Related articles:
Apple iPad: Reports of my death have been greatly exaggerated – April 24, 2014
5 reasons why Apple’s Q214 earnings report was huge – April 24, 2014
Apple CEO Cook defies naysayers with sales surge; boosts buyback, splits stock 7-for-1 – April 24, 2014
Apple jolts Wall Street, resets the clock as investors await next big thing – April 24, 2014
To everyone whose analyst told them to ‘buy on the dip’ after Apple earnings: Get a new analyst – April 24, 2014
Apple shares soar after stellar earnings report – April 24, 2014
Apple’s 7-for-1 share split makes joining the Dow more likely – April 23, 2014
MacDailyNews presents live notes from Apple’s Q214 Conference Call – April 23, 2014
Apple announces 7-for-1 stock split; boosts dividend, ups buybacks to $90 billion – April 23, 2014
Apple smashes Street with revenue of $45.65 billion in Q214 – April 23, 2014
Nice – they will predict a really higher next quarter to make sure Apple does’t hit it so they can drive the stock down once again..
Anal-Cysts fall all over themselves looking sheepishly foolish once again, leaving bare for all the world to see they wear no clothes. Nor do you take them seriously. You can take William Goldman’s famous quite about movie executives and apply it to Apple analysts which is essentially “Nobody knows anything.”
All these analysts look like retards today. Love it!
What a bunch of narcissistic hit whore know it all’s who peddle bullshit to anyone who will listen to pump their own ego.
Is that redundant? hehe
“Analyst” was invented by the banks to control people’s sentiment to make more money themselves.
Same reason the doctors are called “practitioners”. They practice on us, and we “patiently” wait to see if the drug works.
Analyst, what a bunch of dullards.
Remember the old saw about the definition of a consultant: “A guy you hand your watch to so he can tell you the time.”
Analysts: Worthless idiots.
raised estimates..
boosted his price target…
boosted his price target…
raised its price target…
boosted their price objective…
raised their price target…
lifted their price objective…
OF COURSE they did. But that’s the obvious knee-jerk response. Bang my knee, I kick. Any healthy granny can do that.
It does nothing to justify these people as ‘analysts’. What are they good for?
I’d like to see a public rating of ‘analysts’ simply by their empirically proven ability to predict the behavior of the field of their study. I don’t think the dullards (thank you NCG598!) deserver public flogging or the pillory. But if you’re going to speak predictive information to the public, but in a position to be JUDGED by that pubic for the value of your ‘analysis’.
Make an ‘analyst’ job hard to obtain and keep. No more Joe Blow lazy ass analcysts.
Personal flogging. Please read “…BE in a position to be judged by that public…”
Speaking of which, thank you MDN and Philip Elmer-DeWitt:
The amateurs beat the pros again this quarter, but not by much.
We have to give a shout-out to Patrick Smellie of the independent Braeburn Group for submitting a revenue estimate that, while nearly $1 billion shy of Apple’s actual total sales, was closer than anyone else’s.
Reward
vs
Reproach
The summary chart:
But Elmer-DeWitt also did some long term comparisons, whereby: …Scott Craig‘s [Merrill Lynch] No. 2 ranking — and his No. 1 performance in “all categories” — is actually more impressive. Smellie bets high every quarter and this time it paid off. Craig, who was No. 1 in Q2 last year, has been doing well in good quarters and bad.
The goal.
What about that Brian Marshall dude? He was the worst.
Obviously he has a lot of money in MS and Samdung or getting paid by both.
Now that the cockroaches have come out of hiding, it’s time to call the xterminator and provide a public service. Freekin leeches.
Hah! A year ago the stock was at $405.46. Analysts targets were gloom and doom. It’s up 40% in one year. The up and down rocket ride of 2011-2012 is over. It’s back to about where it should have been without all that mayhem.
Analysts – Dust in the wind …