Credit Suisse, Barclays, UBS up Apple price targets

Credit Suisse has upped their Apple (AAPL) price target to $250 from $235 while maintaining the firm’s “Outperform” rating. 2010 and 2011 EPS estimates set at $7.76 and $9.69, respectively.

UBS analyst Maynard Um raised his 12-month target price for Apple’s stock to $280 from $265 on strong Q409 earnings and future growth potential. UBS is maintaining a “Buy” rating on AAPL.

Also, Barclays has boosted their Apple price target to $235 from $208 on strong 4Q results. 2010 EPS estimates have been increased to $7.55 from $6.75. Barclays has reiterated their “Overweight” rating on AAPL.

[Thanks to MacDailyNews Reader “Judge Bork” for the heads up.]


  1. i don’t get their eps estimates. apple has already stated that they will apply the new acounting rules over the next quarters thus gaap eps will approach non gaap eps. non gaap eps was $3.12 for this quarter and will be probably higher next quarter (because of seasonality and new products). it is not only too low but absolutely unreasonable to expect that apple will have eps below $10 for FY 2010. $7.55 and $7.76 is ridiculous. they are still playing their game here.

  2. @ralph from berlin
    Your premise is wrong. Apple’s estimates are GAAP, and they have not committed to when they will modify the apportionment of subscription prices.

    For the past quarter, GAAP eps was $1.82 per diluted share, so their estimate (1.70 – 1.78) is that they will do not quite so well. No one believes that, but there it is.

    Where does your $3.12 come from? Quarterly profit was 1.67B, or 2.86B non GAAP. Doesn’t that get you to $2.78?


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