“Citigroup’s Jim Suva and Asiya Merchant boosted their price target on Apple (AAPL) from $120 to $135 Monday, as part of a larger upward estimate revision,” Tiernan Ray reports for Barron’s.
“They write that the increase comes from ‘material changes’ that the consensus is not yet taking into account. While it’s not revolutionary to say that most see stronger-than-expected iPhone 6 and 6+ sales, they write that their edge is ‘that purchasing trends are mix adjusted to a much stronger mix of iPhone 6/6+ memory (64/128GB selling strongest, with stock outs & longest lead times),'” Ray reports. “They believe this will drive sales, of course, but also strong margins and earnings per share well beyond one quarter, especially given Device Acceleration — their term for the trend among U.S. carriers to allow customers to upgrade before the end of the standard two-year contract.”
Read more in the full article here.
Ray reports, “As it turns out, Citigroup is not alone as it upped its estimates for Apple (AAPL). BMO Capital Markets’ Keith Bachman also increased his target price, boosting it $10 to $123, as he increased earnings estimates for 2015 and 2016.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]
Hopefully, AAPL will bounce back rapidly into the new year from recent dips.
Best to make a nice new base with some support here in the $109-$111 rnage bottom side …. If we violate $108.00 we could be headed down to test $100, which would be a steal … Buy all you can if we do ….
Otherwise just hang in there … We are trading around $775-$800 a share and we will get to $135 soon enough and then some …..
Just wait for next quarters numbers to be released and then the iwatch fun starts and more speculation lol.l.
Hang in there we will make $200 a share within a couple years!
Best to have made a base at the still-too-low all-time high of $119 instead of this Wall Street bullsh!t…
Again the assholes are fucking around with the stock. The sell-off from $120 to $111 is completely unjustified in every way imaginable. At $112 the stock cheaper than a $2 whore. There is absolutely no bad news and a ton of price upgrades. This talk of consolidation is complete bullshit speak from some asshole net short. This stock should be trading at $200 today and $300 a year from now and everybody knows it. So get it done.
If you owned AAPL stock, when would you sell it? When you think it will go up? When it is going up? When it is stagnating? Or would you sell it when you think it has hit a peak?
Guess what? That is what many other people do too. They sell when it is at its peak. I doubt you have much experience in buying and SELLING stock. Buying is easy, selling at the right time is tough.