Caris & Company analyst Robert Cihra today raised his price target on Apple to $400 from $375 while maintaining a Buy rating, after raising his estimates on the company to reflect the fact that the iPad may drive half the company’s growth in 2011, and that online services are the next big area for Apple.
Cihra raised his estimate for the December fiscal Q1 to $25.5 billion in revenue and $5.60 in EPS, up from a prior $25 billion and $5.49. He also offered a 2012 estimates of $97 billion in revenue and $20.62 in EPS, which he notes is higher than the Street’s $88 billion and $19.06 per share. At that rate, Cihra models Apple crossing $100 billion in sales at the end of calendar 2012.
Cihra raised his estimate for the December fiscal Q1 to $25.5 billion in revenue and $5.60 in EPS, up from a prior $25 billion and $5.49. He also offered a 2012 estimates of $97 billion in revenue and $20.62 in EPS, which he notes is higher than the Street’s $88 billion and $19.06 per share. At that rate, Cihra models Apple crossing $100 billion in sales at the end of calendar 2012.
Aucun commentaire:
Enregistrer un commentaire