“He thinks his estimate for Mac sales units to rise 22% this quarter could be low,” Savitz reports. “Also, recent data from research firm NPD show Apple selling more of its higher priced iPod touch among total iPod sales, which could mean a 10% decline in revenue on a 5% drop in iPod units this quarter is also too pessimistic, Reitzes writes.”
Apple (AAPL) stock is “attractive at roughly 26 times his projected fiscal 2010 (ending September) profit projection of $7.55 per share,” Savitz reports. “Reitzes has an ‘Overweight’ rating on the shares and a price target of $235.”
Full article here.
I guess that’s something I have on common with AAPL.
My fat ass has an overweight rating as well.
AAPL non-gaap earnings (i.e. real earnings) were $9.66 in FQ ’09.
when will they ever learn.
These analysts will never learn. an eps of 7.55 in 2010? this is absolutely ridiculous. Apple already made clear that they will start to book iPhone Revenue as it occurs in FY 2010. that plus the piled up deferred revenue and we will see eps of $10-12. starting this January these morons will all be in for à Big surprise.