“Price targets and estimates are going up pretty much across the board today as analysts hail a ‘massive’ Q1 beat,” Tiernan Ray reports for Barron’s.
“The average price target is now $557.85, and the average estimate for this fiscal year stands at $151.79 billion in revenue and $40.31 per share in profit,” Ray reports.
• R.W. Baird: “Outperform”; price target to $550 from $540
• Evercore Partners: “Overweight”; price target to $650 from $600
• Citigroup: “Buy”; price target to $600 from $500
• RBC Capital: “Outperform”; price target to $600 from $525
• Morgan Stanley: “Overweight”; price target from $480 to $515
• Canaccord Genuity: “Buy”; price target to $650 from $560
• Ticonderoga Securities: “Buy”; reiterates $666 price target
• Goldman Sachs: “Buy”; price target to $600 from $550
Read more in the full article here.
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