BMO Capital ups Apple price target to $265 on higher Mac and iPad unit forecasts

Apple Online Store“BMO Capital analyst Keith Bachman has raised his EPS forecasts for Apple for both FY 2010 and 2011, citing higher unit forecasts for both Macs and iPads,” Eric Savitz reports for Barron’s.

“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.]


  1. Bachman’s iPad forecasts are less than comparable period iPhone launch results. This in the face of iPad interest(likely to buy) that ranges from 30% to 50% higher than initial iPhone interest.

  2. How bold! Isn’t that only 14.7% higher than today’s high of $230.97

    AAPL may hit that next quarter or after everyone see the lines around the building for every release of the iPad. How about after they find out what Apple is doing with that new BILLION DOLLAR SERVER FARM! Or after Steve Jobs says, “Just one more thing” again.

    How bold! Clueless idiot!

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