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AAPL Stock: 112.94 ( + 1.16 )

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Apple set to \'significantly exceed\' Q1 guidance

updated 11:20 am EST, Tue December 21, 2004

Apple to exceed guidance

Apple will , Credit Suisse First Boston says. Thee financial firm also raised the the target price for Apple to $70 from $40. "With this season's hottest CE [consumer electronics] product and a new product cycle in its flagship iMac, Apple is poised to significantly exceed its initial December quarter outlook issued on its fiscal fourth-quarter conference call in October," the research firm said. CSFB said its new target price of $70 represents a 34 times multiple on 2006 net operating profit after tax, "a level we believe more than adequately reflects Apple's long term prospects."




by MacNN Staff

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  1. Deal

    Joined: Dec 1969

    0

    How many times?

    How many times has Apple been in this same situation and they could care less.

    Personally, I think there are a lot of analysts with new iPods :)

  1. beeble

    Joined: Dec 1969

    0

    iMac is the flagship?

    When did Apple discontinue the PowerMac G5?

    One day I'll have a heart attack and it'll be because of the shock of an analyst getting a clue. At least they'll have money I can sue for!

  1. ethical_paul

    Joined: Dec 1969

    0

    Good work Credit Suisse

    Gee, you think maybe Apple might possibly move closer to $70 than $40 Credit Suisse???

    What was your first clue? Maybe the $65 share price???

    Why do people pay stock anaylists??? All they do is report what has already happened.

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