Susquehanna Boosts Target On Stronger Mac, iPhone SalesSusquehanna Financial analyst Jeff Fidacaro today lifted his price target on Apple (AAPL) to $210, from $180, while repeating his Positive rating on the stock. Fidacaro also lifted his revenue estimate for FY 2010 to $43.973 billion from $43.544 billion; his EPS estimate is now $7.62, up from $7.53. The analyst writes that the adjustments reflects “better-than-expected sales trends for Macs, slightly higher iPhone unit sales, and acceleration in App Store daily application downloads.” Fidacaro boosted his FY 2010 iPhone unit forecast to 29.5 million from 28.9 million; for 2011 he goes to 38 million, from 36.9 million. He sees Mac units of 11 million in FY 2010, and 13 million in 2011, slightly above his previous forecasts. AAPL today is up $3.62, or 1.9%, to $189.64.

Susquehanna Boosts Target On Stronger Mac, iPhone Sales

Posted in iPhone News by admin. Published October 7th, 2009

Susquehanna Boosts Target On Stronger Mac, iPhone Sales

Susquehanna Financial analyst Jeff Fidacaro today lifted his price target on Apple to $210, from $180, while repeating his Positive rating on the stock.

Fidacaro also lifted his revenue estimate for FY 2010 to $43.973 billion from $43.544 billion; his EPS estimate is now $7.62, up from $7.53.

The analyst writes that the adjustments reflects “better-than-expected sales trends for Macs, slightly higher iPhone unit sales, and acceleration in App Store daily application downloads.”

Fidacaro boosted his FY 2010 iPhone unit forecast to 29.5 million from 28.9 million; for 2011 he goes to 38 million, from 36.9 million. He sees Mac units of 11 million in FY 2010, and 13 million in 2011, slightly above his previous forecasts.

AAPL today is up $3.62, or 1.9%, to $189.64.

[Thanks: http://blogs.barrons.com]