Prudential analyst raises target price on Apple Computer to $55

“Analyst Steven M. Fortuna of Prudential Financial maintains his ‘overweight’ rating on Apple Computer (AAPL), while raising his estimates for the company. The target price has been raised from $46.50 to $55,” reports.

“In a research note published on March 4, the analyst mentions that the company is witnessing robust demand for its recently launched iPod Shuffle and other music products. The EPS estimates for FY05 and FY06 have been raised from $1.08 to $1.17 and from $1.25 to $1.47, respectively,” reports.

Full article here.


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