Market Overview

Credit Suisse Reiterates Outperform Rating, $750 PT on Apple

Share:
Related AAPL
What Exactly Went Wrong With Samsung's Failed Note 7? We Will Find Out Very Soon
Skyworks Delivers Again In Q1, Extends One Of The Best Track Records On The Street
Apple Vs. Qualcomm: What's An Investor In Both To Do? (Seeking Alpha)

In a report published Monday, Credit Suisse Group reiterated its Outperform rating and $750.00 price target on Apple (NASDAQ: AAPL).

Credit Suisse noted, “Reiterate Outperform, sustainable compute advantages. With a structural advantage in the broader compute market, Apple can continue to gain share in the PC and smartphone markets. Our EPS estimates for CY12/CY13 are $44.88/$60.19 or 3%/17% above consensus. Long term, we estimate Apple should deliver robust EPS growth of 25%, driving toward $75 earnings power. This leads us to reiterate our Outperform rating.”

Apple closed on Friday at $527.00.

Latest Ratings for AAPL

DateFirmActionFromTo
Jan 2017OTR GlobalDowngradesNegative
Jan 2017GuggenheimInitiates Coverage OnBuy
Dec 2016PiperJaffrayAssumesOverweightOverweight

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings

Posted-In: Credit Suisse GroupAnalyst Color Reiteration Analyst Ratings

 

Related Articles (AAPL)

View Comments and Join the Discussion!