Credit Suisse Raises Numbers on Apple (AAPL)
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Price: $396.45 +0.13%
Rating Summary:
40 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
40 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Credit Suisse raised estimates on Apple (NASDAQ: AAPL) Thursday following strong results after the close.
The firm raised for FY11/12 by 2% to $25.70/$33.16, which is 11% and 23% above the consensus.
"We maintain that Apple should be able to deliver outsized revenue/ earnings growth of 48% over the next two years given a sustained competitive advantage in software, hardware and services/ apps ecosystem. On our CY12 estimate, Apple trades on a P/E multiple (ex-cash) of 8.1x, which is inexpensive, given the EPS growth of 48% over the next two years. "
For more ratings news on Apple click here and for the rating history of Apple click here.
Shares of Apple closed at $342.41 yesterday.
The firm raised for FY11/12 by 2% to $25.70/$33.16, which is 11% and 23% above the consensus.
"We maintain that Apple should be able to deliver outsized revenue/ earnings growth of 48% over the next two years given a sustained competitive advantage in software, hardware and services/ apps ecosystem. On our CY12 estimate, Apple trades on a P/E multiple (ex-cash) of 8.1x, which is inexpensive, given the EPS growth of 48% over the next two years. "
For more ratings news on Apple click here and for the rating history of Apple click here.
Shares of Apple closed at $342.41 yesterday.
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