Bernstein analysts hike Apple price estimate 30-percent
Tuesday, October 09, 2007 - 08:48 AM EST "Apple Inc.'s share-price estimate was increased 30 percent by Sanford C. Bernstein analysts, who cited a possible 'upside' to profit estimates as sales of the iPhone boost earnings," Kenneth Wong reports for Bloomberg."Analysts led by Toni Sacconaghi, the top-ranked computer analyst according to Institutional Investor magazine, boosted their stock-price estimate to $175 from $135, and their forecast for 2008 cash earnings per share by 3.3 percent to $5. They kept the 'market-perform' rating," Wong reports.
Full article here.
[Thanks to MacDailyNews Reader "Mike in Helsinki" for the heads up.]
MacDailyNews Take: Wild men. One question: Is their $175 AAPL share price estimate a 12-month target... or a 12-day target?


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