Wednesday, January 19, 2011

Apple (NASDAQ:AAPL) PT, EPS Estimate Boosted by Susquehanna

Not unexpectedly, a plethora of analysts have weighed in on Apple (NASDAQ:AAPL) after its tremendous quarterly report on Tuesday.

Among them is Susquehanna, which raised their price target and EPS estimates for the company in response to its latest performance.

For full year 2011 and 2012, Susquehanna raised their EPS estimates from $19.45 and $21.82 to $22.89 and $25.49.

Much of this was predicated upon the assumptions the market for iPhones and iPads aren't near to being exhausted yet.

Susquehanna maintains their "Positive" rating on Apple, which was trading at $342.68, up $2.03, or 0.60 percent, as of 11:30 AM EST. They raised their price target on Apple (AAPL) from $390 to $445.

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