RBC Capital ups Apple price target; expects company to exceed Street estimates
Monday, April 21, 2008 - 04:51 PM ESTAbramsky "expects the company to exceed Wall Street analysts' estimates when Apple reports its second-quarter results on Wednesday," Crum reports.
Full article here.
MacDailyNews Note: The analysts' consensus estimates for Q2 08 are $1.07 EPS on $6.95 billion in revenue vs. Apple's guidance of $0.94 EPS on revenue of "about $6.8 billion." For Q3 08, analysts expect $1.10 EPS on $7.14 billion in revenue. Apple reports this Wednesday, April 23, at 2pm PDT / 5pm EDT.
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• The all-new 13-inch MacBook. The next generation of notebooks starts at $1299.
• The all-new 15-inch Macbook Pro. New design. New features. New technologies. From $1999.
• The all-in-one iMac. Now at speeds up to 3.06GHz. Free shipping. From $1199.
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Related articles:
Jim Cramer: Buy Apple; iPhone 2.0 huge, forthcoming ‘Conversation’ product to have iPod-like impact - April 21, 2008
Citigroup raises Apple EPS estimates to new Street high - April 21, 2008
Goldman Sachs raises Apple estimates, price target - April 19, 2008
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Funny how anal-ysts always set their targets to whatever way the wind currently blows.
http://macdailynews.com/index.php/weblog/comments/15897/P0/
Only 4-5 more days like today, and Apple just might manage positive stock growth for 2008.