Traders Are Still Bullish on Apple (AAPL) Ahead of Earnings
Symbols: AAPL
On CNBC's Fast Money, traders seemed to agree that Apple is a buy going into earnings. Peter Misek of Canaccord Adams believes that investors should take a bite out of Apple (AAPL) before Tuesday's earnings report.
Misek thinks that "Macs did very well in the quarter. (Also) we think iPhones were solid with great catalysts ahead. Also, we think iPod touch was solid in the quarter also with some good refreshes with OS 4.0.” Misek has a $300 price target on Apple's shares.
Brian Stutland of Stutland Equities sees Apple going to $280. John Roque of WJB Capital thinks that Apple can go over $300 despite overbought conditions.
With so many people expecting Apple to surge, could shares be due for a dip?
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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