Apple (NASDAQ:AAPL) PT Boosted by Goldman (NYSE:GS) to $450

A day after the extraordinary results of their last quarter were announced, Apple (NASDAQ:AAPL) had their price target pushed up by several financial institutions, including Goldman Sachs, who boosted it to $450.

Goldman said, "the strong December results should underscore the underlying strength in Apple's fundamentals, especially after the news regarding Steve Jobs' planned medical leave."

That is true when extended out to the next several years, but long-term is what is causing some investors and shareholders consternation, and that will weigh on Apple for some time.

Goldman also increased their full year 2011/2012/2013 revenue and EPS estimates from $94.62/$116.73/$129.06 billion and $20.88/$27.09/$30.26 to $99.37/$119.79/ $131.63 billion and $23.07/$27.98/$30.56.

Another important factor for Apple is their recovery of margins, which implies they are able to sell their products while boosting earnings, and not have to entice customers to acquire them at a discount, strengthening their earnings outlook.

Apple was trading at $342.17, gaining $1.52, or 0.45 percent, as of 10:57 AM EST.