Wednesday, April 21, 2010

Apple stock, price targets surge following Q2 results

<img align='left' src='http://photos.macnn.com/news/1003/appleledcinemadisplay.jpg' border='0' width='176' height='120' />Apple's stock value has risen sharply following yesterday's second-quarter results, but it may have yet more room to grow, according to analysts. Pricing climbed more than $13 in overnight trading, and as of this writing it sits at approximately $259. RBC Capital Analyst Mike Abramsky has increased his target for the stock to $350, largely on the basis on the iPhone, and the future of the iPad. Third-quarter iPad margins are expected to slot between 18 and 26 percent, and 1.5 to 2.5 million units could translate into an extra $1 to $1.6...

[ Full story from MacNN | The Macintosh News Network ]

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