Kaufman Bros. ups Apple Inc. price target to $253

Apple Online Store“Kaufman Bros. analyst Shaw Wu has raised his price target for Apple stock from $235 to $253 [and maintains his ‘Buy’ rating], citing new Q1 sales forecasts derived from industry and supply chain checks. Apple is expected to record as many as 9.5 million iPhones shipping in the December quarter, well above the consensus estimate of 8.8 million. The figure would set a quarterly record for Apple,” MacNN reports.

“Macs are also said to be selling well, thanks to recent iMac and MacBook refreshes. Wu is maintaining a prediction of 2.9 million Macs for Q1 however, noting that limited supplies of LED screens may prevent any spectacular achievements,” MacNN reports.

“iPod numbers are meanwhile forecast to hit 22 million, above a consensus of 20 million,” MacNN reports.

Full article, including revenue and EPS estimates, here.

[Thanks to MacDailyNews Reader “Edward W.” for the heads up.]


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