:: Bank of America boosts Apple target to $200

An analyst with the Bank of America has raised his financial expectations for Apple based on sales figures, according to Thomson Financial. Scott Craig says that as a result of computer sales following the release of Mac OS X Leopard, he is raising his first-quarter earnings forecast from $1.52 per share to $1.60; revenue estimates, meanwhile, are being pushed from $9.3 billion to $9.6. For fiscal year 2008, Craig is predicting a growth of $5.04 per share instead of $4.87, and revenue of $31.7 billion versus $30.7 billion. The stock is of course being given a "buy" rating, with an eventual price t...

Originally posted on IpodNN  Mon, 14 Jan 2008 15:20:00 GMT



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