By Tiernan Ray
Sterne Agee’s Shaw Wu this morning raised his price target on Apple (AAPL) shares to $620 from $550, after raising his estimates for the company in anticipation of what he expects will be the unveiling of a new iPad on March 7th.
Apple sent out a notice to press yesterday about a “special event” on March 7th, which is widely believed to be the iPad 3 debut.
Wu thinks the new model will be a “significant” change
Continue reading aapl Sterne Agee Ups Apple Target to $620 on iPad Potential
Aapl (NASDAQ) – Apple – Stock Price Target for 2012 –
1. Estimated Sales 2012 = $204.54 Billion
2. Estimated Profit Margin = 27.864%
3. Net Profit = $56.99 Billion
4. Estimated 950.64 Million Shares Outstanding
5. Estimated EPS = $59.94
6. Forward PE = 10.33 (msn money)
Stock Target Quote for Apple = $ 619.18 USDOther Target Prices
09-Feb-12 Reiterated Needham Buy $540 → $620 09-Feb-12 Reiterated Canaccord Genuity Buy $650 → $665 09-Feb-12 Initiated
Continue reading Aapl (NASDAQ) – Apple – Stock Price Target for 2012