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Technology Stocks : Apple Inc.

AAPL 248.34

+0.3%

Jan 22 3:59 PM EST

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From: Moonray	5/5/2014 11:42:43 AM
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Analyst Ups Apple Price Target for Second Time in Two Weeks Apple ( NASDAQ:AAPL) continues to reap the benefits of its better-than-expected March quarter earnings report, strong international sales, and expanded share buyback program. In a research note issued to investors on Monday, RBC Capital Markets analyst Amit Daryanani boosted his price target on Apple shares for the second time in as many weeks, reports AppleInsider. *In the most recent research note obtained by AppleInsider, Daryanani raised his price target on* Apple shares to $645 from $625. After Apple announced its fiscal 2014 second-quarter earnings on April 23, Daryanani raised his price target on the company’s shares to $625 from $590. Daryanani cited Apple’s recently announced expansion to its share buyback program as one of the primary reasons behind his price target revision. Besides raising his price target on Apple shares once again, Daryanani also boosted his earnings per share estimate to $48.96 for fiscal year 2015, an increase of more than a dollar. The RBC Capital Markets analyst also maintained an “Outperform” rating on Apple shares. More at: wallstcheatsheet.com o~~~ O

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