“He lifted his Mac unit forecast for the September 2010 fiscal year to 12.7 million units, from 12.3 million. For 2011, he now sees 14.9 million units, up from 13.8 million,” Savitz reports. “For iPads, he maintains his FY 2010 forecast of 2.5 million units. For 2011, he now sees 7.2 million units, up from 5 million.”
MacDailyNews Take: His iPad forecasts are laughably, ridiculously low. When analysts have no clue, they get overly cautious on forecasts. Bachman seems to have less of a clue about iPad’s prospects than most.
Savitz reports, “He also lifted his price target on the shares to $265, from $250, while keeping his Outperform rating.”
Full article here.
[Thanks to MacDailyNews Reader “David E.” for the heads up.]