Market Overview

UPDATE: Piper Jaffray Reiterates Apple at Overweight On Mac Sales NPD Data

Share:
Related AAPL
Weekly Tech Highlights: Apple's 3 New iPhones, BlackBerry's Big Win And More
Oppenheimer: 4 Tech Stocks That Are Technical Buys
A Day In The Life (Seeking Alpha)

Piper Jaffray maintained Apple (NASDAQ: AAPL) with an Overweight rating and a $767.00 price target.

Piper Jaffray commented, "The first month of NPD Mac sales data is up 31% y/y, which we believe is driven by Apple catching up with iMac orders. We note that the company stated there was a 700k y/y iMac unit decline in the December quarter, which we believe was caused by supply issues around the redesigned iMacs. We remain comfortable with our down 5% y/y Mac expectation for March. While Macs are becoming a less and less meaningful piece of the story, we believe the core themes moving forward for AAPL are sequential margin improvement in June, a cheaper iPhone in September, and a TV in the December quarter."

Apple closed at $450.81 on Monday.

Latest Ratings for AAPL

DateFirmActionFromTo
Mar 2015Credit SuisseMaintainsOutperformOutperform
Mar 2015Cantor FitzgeraldMaintainsBuy
Mar 2015Cowen & CompanyMaintainsOutperform

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings

Posted-In: Piper JaffrayAnalyst Color Reiteration Analyst Ratings

 

Related Articles (AAPL)

Around the Web, We're Loving...