Apple Inc. (AAPL) has received price target hikes following its stellar Q214 earnings beat, massive dividend and buyback increases, and 7-for-1 split announcement.
• Jefferies analyst Peter Misek raised estimates while reiterating a Buy rating and $625 price target on Apple following strong Q2 results driven by very strong iPhone sales. The firm trimmed Q3 EPS from $8.59 to $8.22 while raising FY 2014 EPS from $42.89 to $44.14 and FY 2015 EPS from $51.03 to $51.41.
• Canaccord Genuity analyst Michael Walkley reiterated a Buy rating and boosted his price target on Apple from $600 to $610 following strong Q2 results. The analyst increased his 2014 and 2015 Annual EPS estimates to $44.11 and $50.81, respectively. He increased his 2014 and 2015 Annual Revenue estimate to $181.3B and $199.0B, respectively.
• Nomura Securities analyst Stuart Jeffrey boosted his price target on Apple from $545 to $574 following Q2 results but maintains a Neutral rating. The firm lifts FY14E EPS from $44.28 to $43.73; FY15E EPS from $46.52 to $45.22.
• Goldman Sachs maintained a Buy rating on Apple and raised its price target to $620.00 (from $610.00). Analyst Bill Shope said Apple’s platform showed its strength. “We now forecast FY2014 revenues of $182.03 billion and EPS of $44.70, from $181.24 billion and $44.51 previously. For FY2015, we now estimate revenues of $204.53 billion and EPS of $52.69, from $204.68 billion and $52.59. For FY2016, we now estimate revenues of $230.21 billion and EPS of $62.66, from $230.13 billion and $61.18,” Shope wrote in a note to clients.
• Macquarie boosted their price objective on shares of Apple (NASDAQ:AAPL) from $630.00 to $665.00 in a research note issued to investors on Thursday.
• RBC Capital raised their price target on shares of Apple from $590.00 to $625.00 in a research note on Thursday. They now have an “outperform” rating on the stock.
• BMO Capital Markets lifted their price objective on shares of Apple (NASDAQ:AAPL) from $565.00 to $610.00 in a research note issued on Thursday.
More upgrades and price target increases here.
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