Mizuho Sees +10% Upside For Apple On Optimistic Q4

Optimistic on new products and fourth quarter guidance, Mizuho analyst Abhey Lamba reiterated a Buy on

and raised the price target from $90.00 to $105.00. Lamba expects Apple to see an upside to fourth quarter estimates. The analyst expects revenue guidance to be $1 billion to $2 billion higher than consensus estimates, coming in between $42 billion and $43 billion. In addition, the EPS estimates of $1.34 may come in closer to the range of $1.39 to $1.44. Mizuho commented that the company will likely benefit from iPhone's larger screens and Apple's new product category. Shares of Apple closed at $95.35 on Tuesday.