Oppenheimer Says Apple is Leaving Nothing on the Table; Raises PT from $460 to $510
According to a recent research report published by Oppenheimer, Apple Inc.'s (NASDAQ: AAPL) December quarter execution was stellar with record iPhone, iPad and Mac results.
“This is all the more impressive considering the difficult macro environment. We remain bullish on the shares and are raising our FY12 estimates significantly, as well as our price target to $510 from $460. We see the biggest growth opportunity coming from expanding the iPhone's reach internationally and deeper into the mid-tier. But there's good room for iPad growth, more Mac expansion and new markets with smart TVs a clear opportunity,” Oppenheimer said.
Oppenheimer maintains its Outperform rating on Apple Inc., which closed yesterday at $457.94.
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