“Analysts at brokerage and investment firm CLSA joined Apple’s $400-price-target club Friday, upgrading their price target on the shares to $400 from their previous $365,” Matt Phillips reports for The Wall Street Journal.
Our recent survey of 1,039 US consumers and supply chain checks suggests our iPhone unit estimates are too low, especially when we consider the likely early-2011 launch of iPhone at Verizon in our forecasts for the first time. We also have increased confidence in our iPad forecasts…
Phillips reports, “According to Thomson Reuters the median target price for Apple shares is currently at $372.50.”
Read more in the full article here.
[Thanks to MacDailyNews Readers “Fred Mertz” and “James W.” for the heads up.]