Market Overview

Nomura Raises Apple Price Target

Share:
Related AAPL
If Apple's Recent Hires Are Any Indication, The Apple Car Is A Priority
Half Of The FANG Stocks Have Reported Earnings; What Are Analysts Expecting From Amazon And Google?
Apple, GE, Starbucks Address China, Brexit, Terror, Unrest, Election (Investor's Business Daily)

Nomura Securities kept its Neutral rating on Apple (NASDAQ: AAPL), but did raise the price target from $95 to $104.

In a note out Monday morning, Nomura analyst Stuart Jeffrey touched on valuation and EPS growth, saying that shares of Apple, although not expensive, are trading toward the upper end of their recent valuation range. He also hinted that the upside in EPS beyond $7.43 per share will be challenging.

Nomura did raise their estimates slightly, with 2014 going from $6.25 to $6.29 and 2015 from $6.46 to $6.95 per share.

Shares of Apple were last trading higher by about one percent.

Latest Ratings for AAPL

DateFirmActionFromTo
Jul 2016Hilliard LyonsUpgradesLong-term BuyBuy
Jul 2016BTIG ResearchMaintainsBuy
Jul 2016UBSMaintainsBuy

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings

Posted-In: Nomura Stuart JeffreyPrice Target Reiteration Analyst Ratings

 

Related Articles (AAPL)

View Comments and Join the Discussion!