Analyst Steven M Fortuna of Prudential Financial has reiterated his “overweight” rating on Apple Computer (AAPL), while raising his estimates for the company. The target price is set to $55. The current valuation of Apple Computer’s stock is attractive, Prudential Financial believes. The EPS estimates for 2005 and 2006 have been raised from $1.17 to $1.33 and from $1.47 to $1.61, respectively.
Analyst Andrew J Neff of Bear Stearns reiterated his “outperform” rating on Apple Computer (AAPL.NAS), while raising his estimates for the company. The target price has been raised from $49 to $52. Apple Computer’s growth profile is becoming increasingly balanced, the analyst says. The company is, however, likely to witness near-term weakness in its share price, since the iPod sales for the quarter were short of the aggressive consensus expectations, Bear Stearns adds. The EPS estimates for FY2005 and FY2006 have been raised from $1.13 to $1.35 and from $1.53 to $1.65, respectively.
Analysts at AC Research have initiated coverage of Apple Computer, Inc. with an “accumulate” rating. Apple Computer has been issuing conservative guidance and has always been able to exceed its projections, AC Research points out. There is moderate upside to the company’s share price for the next months, the analysts say. Growth dynamics are expected to slow down, however, in the forthcoming quarters due to intensified competition, the analysts add.
Analysts at Morgan Stanley maintained their “overweight” rating on Apple Computer. The target price is set to $60. The company’s share price is expected to be volatile in the near term due to several product launches expected during the current year, Morgan Stanley adds.
More information at newratings.com here.