Apple stock raised to $374 by Kaufman Bros., based on iPad

25th September, 2010 by adina
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Analyst Shaw Wu from Kaufman Bros. has raised the target for AAPL (Apple stock) from $350 to $374, appreciating the potential of iPad shipments. Sources indicate screen supplies are better now and the significant production bottleneck would this way be eliminated. Shaw Wu appreciates that about 5.7 million iPads would ship in this September quarter, although the prediction was lower, at 3.6 million.

The iPad has little cannibalistic impact on sales of the MacBook, as the analyst suggests. As an illustration of this prediction, Mac forecast for this quarter has been reduced slightly from 3.9 million to 3.8 million. Meanwhile, the estimates have been kept at 11.5 million for the iPhone and 9.5 million for the iPod touch. However, Wu warns that, according to his sources, tight small-screen availability would limit the potential of the iPhone. The iPods have been revived by the launches of new Nanos, Shuffles and Touches.

Kaufman Bros. analyst anticipates $19.3 billion in revenue for the September period, with $4.12 in EPS. These figures are bigger than estimated earlier, with $18 billion and $3.74. For all of the financial year 2010, Apple could reach $64.1 billion and $14.64, more than previous forecasts, $62.9 billion and $14.25. As for the financial year 2011, estimates are $80 billion and $18.


     

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