Analysts at UBS have reiterated their “buy” rating on Apple Computer (AAPL) while reducing their estimates for the company.
“In a research note published yesterday, the analysts mention that the company has posted its 1Q06 results in-line with the estimates. The downward revision to the FY06 EPS estimate reflects equity compensation expenses partly offset by increased gross margins, the analysts say. The EPS estimates for FY06 and FY07 have been reduced from $2.33 to $2.24 and from $2.80 to $2.75, respectively,” newratings.com reports.
The target price is set to $100.
Full article here.
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Related article:
UBS hikes Apple Computer share price target to $100 – January 11, 2006
EPS? That’s a nice vector.
It is healthy that Apple stock has taken a breath and step back. There was too much hype. When the new products start moving to market there is no question that AAPL will continue its gains. Infact, this is a great buying opportunity for those who can and want to be a player. $80 dollars per share will be $95 in six months or sooner.
Can someone help me understand ?
Usually when an analyst sets a target price of $100, is this on the short term ? 3 months ? Is there a specific term ?
Thank you.
Usually, price targets are 12-month targets unless otherwise stated.
Thank you
I put in a buy order last night on after hours trading and bought 50 more shares at $77.00. A great long-term investment.
When Apple licenses OSX the stock is going to go through the roof!!!
So Sweet….