Oppenheimer Increases Apple Price Target to $610.00 (AAPL)
Apple (AAPL) Target, Estimates Raised Higher at Goldman Sachs
What Analysts Had to Say About Apple Inc. Q3 Earnings (AAPL) 10/29/2013
Cantor Fitzgerald Reiterates “Buy,” and $777 PT
Following the earnings announcement, Cantor analyst Brian White raised AAPL’s price target and reaffirmed Cantor’s bullish rating on the company. Even with the bullish comments, Cantor did adjust its FY2013 revenue estimate, and now sees it coming in at $58.6 billion instead of $58.9 billion.
Wells Fargo Raises Valuation Range
Maynard Um, an analyst with Wells Fargo, boosted Apple’s valuation range to $536-$581 from $525-$575, and reiterated an “Outperform” on the company. The analyst also raised the “FQ1 2014 EPS estimate to $14.62 from $13.55″ and adjusted AAPL’s “2014 EPS to $44.72 from $43.42.”
Goldman Raises Target and Estimates
Bill Shope, an analyst with Goldman Sachs, raised his PT on Apple to $620 from $560. The analyst also reiterated a “Buy” rating on the company, and raised estimates for FY2014. Goldman Sachs now sees revenue for this period coming in at $185.2 billion, with EPS of $45.19.
Deutsche Bank’s Ratings Remain Unchanged
Chris Whitmore from Deutsche Bank kept the firm’s “Neutral” rating and $575 PT on Apple. The company also lowered the CY2014 revenue estimate to $180 billion and EPS estimate to $43.90 from $184 billion and $46.
Susquehanna Reiterates Ratings
Analyst Chris Caso with Susquehanna reaffirmed the agency’s “Positive” rating and $625 PT. The ratings firm raised its Q4 revenue views to $56.6 billion from $54 billion and lowered its EPS to $13.54 from $13.82.
Canaccord Genuity Maintains “Buy” and $580 PT
Analyst Michael Walkley with Canaccord reiterated the firm’s rating and price target on Apple, but lowered the EPS estimates and revenue estimates for 2014 and 2015. Walkley now sees 2014′s revenue coming in at $182.9 billion and EPS coming in at $42.75. For 2015, the analyst expects Apple to report revenue of $195.3 billion and EPS of $48.23.
Lazard Capital Raises Apple’s Price Target
Lazard raised its PT on Apple to $610 from $570 and maintained its “Buy” rating. The company also reiterated its FY2014 and 2015 EPS views of $42 and $46.
RW Baird Upgrades Apple
Apple was upgraded to “Outperform” from “Neutral” by RW Baird. The price target for the company was also raised from $525 to $620.
The Bottom Line
Shares of AAPL currently offer a 2.3% dividend yield, based on Tuesday’s closing price of $529.88 and the company’s annualized dividend payout of $12.20 per share.
Cook touts NEW 2014 shiny iSTUFF
I've said that you'd see some exciting new products from us in the fall of this year and across 2014," Cook replied. "And I obviously stand by that, and you've seen a lot of things over the last couple of months."