Credit Suisse Reiterates Outperform Rating, $750 PT on Apple
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.
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Tags: Credit Suisse Group