Apple stocks buoyed by Credit Suisse rating
updated 11:55 am EDT, Thu April 9, 2009
Credit Suisse ups AAPL
The worth of Apple stocks rose more than $3 on Thursday morning, following the release of a new Credit Suisse report boosting estimates on Apple performance. Analyst Bill Shope has risen his price target for Apple stock from $120 to $133, based on March-quarter Mac and iPhone sales which he argues did better than originally envisioned. Revenue for the period is expected to be $7.76 billion, with an EPS of $1.09; Shope's had previously suggested $7.44 billion in revenue and $0.97 in EPS.
FY09 estimates have been raised to $34.54 billion and $5.11, an increase from $33.17 billion and $4.89. Both the March and FY09 predictions are below consensus however, which in turn is expected to shrink over the course of 2009. Apple's guidance is expected to slot June-quarter revenue between $7.7 billion and $8.1 billion, producing EPS of about $0.90 to $1. Street consensus is nevertheless $8.31 billion in revenue, with $1.11 in EPS.
100M 8Gb Flash
04/09, 01:56pm reply
...memory order helped the stock today too.
Haywire
Fresh-Faced Recruit
Joined: Nov 2001
wow
04/09, 02:27pm reply
How exciting, AAPL is back to where it was at the close of Monday, after dipping down Tuesday and Wednesday. That was rough couple of days for the company, but now they have their strategic priorities correct. Whew.
Having said that, I'm glad that price trends in recent months has been consistently positive.
malax
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Joined: Aug 2006
Glad to see...
04/09, 03:33pm reply
Glad to see AAPL is gaining back what it lost. I'll take the $119-ish that it is today (4/9/09) versus the 70-ish it dipped to when the Market crashed. Of course, I'm waiting for AAPL to recoup the other 80-ish dollars when AAPL stock was at its all time high of 199.83 in Dec. 2007. And the analysts that are raising their estimates from 120.00 to 133.00 now, go back to touting a raise in their price estimates of 225.00 - 250.00 when AAPL reaches 200.00 a share! Then I'll not make the mistake of losing all my profit and sell so I have something to show for my trust in Apple. Go Apple Stock!
MeandmyMac
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Joined: Feb 2008
I hear
04/09, 04:22pm reply
I'm in exactly the same boat. I came soooo close to selling half my shares in the last week of 2007 to lock in my gains, but I didn't. Actually the intra-day all-time high was $202.96 on 12/27/2007. It cracked 200 a few times that week. It would have been so easy to have placed a "sell if it hits 200" order. Oh well, live and learn.
Go Apple Stock!
malax
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Joined: Aug 2006
an intransitive verb
04/10, 01:17am reply
rise |rīz|
verb ( past rose |rōz|; past part. risen |ˈrizən|) [ intrans. ]
1 move from a lower position to a higher one; come or go up : the tiny aircraft rose from the ground.
• (of the sun, moon, or another celestial body) appear above the horizon : the sun had just risen.
• (of a fish) come to the surface of water : a fish rose and was hooked and landed.
• (of a voice) become higher in pitch : my voice rose an octave or two as I screamed.
• reach a higher position in society or one's profession : the officer was a man of great courage who had risen from the ranks.
• ( rise above) succeed in not being limited or constrained by (a restrictive environment or situation) : he struggled to rise above his humble background.
• ( rise above) be superior to : I try to rise above prejudice.
awggondzur
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Joined: Oct 2005
an intransitive verb
04/10, 01:19am reply
Despite the super-powers of this analyst, Bill Shope cannot "risen" his price target for Apple stock, he could, however simply "raise" it. Grammar 101 is calling, yet again.
awggondzur
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Joined: Oct 2005