“Lehman Bros. analyst Harry Blount raised his stock price target for Apple Computer (AAPL) to $94 from $73 and raised his 2005 earnings and revenue estimates due to evidence that sales of the company’s iPod Shuffle and Mac remain strong,” Tomi Kilgore reports for CBS MarketWatch.
“Blount lifted his 2005 earnings forecast to $2.38 a share from $1.93 and his revenue estimate to $14.1 billion from $13 billion,” Kilgore reports.
Full article here.
MacDailyNews Note: By “$94,” assume $47 to account for the split. AAPL is currently trading at $44.86.
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