Market Overview

Credit Suisse Reiterates Outperform Rating, $750 PT on Apple

Related AAPL
3 Best Performing Stocks of July
Dow Suffers 300 Point Drop; S&P 500 And NASDAQ Also Tumble
Is it a Good Time to Buy Broadcom? (Fox Business)

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.

Posted-In: Credit Suisse GroupAnalyst Color Reiteration Analyst Ratings

 

Most Popular

Related Articles (AAPL)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters

Benzinga Professional