“Pacific Crest’s Andy Hargreaves this morning raised his price target on Apple (AAPL) to $235 from $225,” Eric Savitz blogs for Barron’s.
“The moves reflect his bullish views on the prospects for the iPhone,” Savitz reports.
“Hargreaves also says that, while he is not changing his current unit forecast, there is the potential for ‘significant upside’ to his current fiscal 2009 iPhone unit estimate of 15.5 million,” Savitz reports. “(Some estimates on the Street are actually much, much higher.)”
Full article, in which Savitz also reports that Hargreaves estimates AT&T to be paying Apple an average $350 per iPhone subsidy, here.