Market Overview

UPDATE: Barclays Upgrades Apple, Has High Expectations For Near Term

Share:
Related AAPL
BMO Prefers Qorvo Over Skyworks Solutions
What The Big Wigs Of Finance Might Be Doing Before Memorial Day Weekend
Apple's OLED iPhone Decision Could Lift These Companies (Investor's Business Daily)

In a report released Monday, Barclays analyst Ben Reitzes upgraded Apple (NASDAQ: AAPL) from Equal-Weight to Overweight, while raising the price target from $95 to $110.

Analysts at Barclays hold confident on Tim Cook's strategy and believe other shareholders are starting to gain confidence as well from the company's past uncertainty displayed in March. Reitzes believes market share opportunity is presented in Samsung's recent decline. Barclays holds high expectations on Apple's new products into 2015.

Barclays forecasts Apples 2015 EPS to be $7.10 based on a 13 percent growth in revenue to $207.2 billion. Its price target of $110 is given by a 14x FY 2016 EPS estimate of $7.63.

Latest Ratings for AAPL

DateFirmActionFromTo
May 2016UBSMaintainsBuy
Apr 2016Brean CapitalMaintainsBuy
Apr 2016BarclaysMaintainsOverweight

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings

Posted-In: Barclays Ben ReitzesAnalyst Color Upgrades Price Target Analyst Ratings

 

Related Articles (AAPL)

View Comments and Join the Discussion!