Morgan Stanley raised Apple’s target share price to $ 152, ahead of what could be an “all-time record” gain.
In a note to investors sent by Philip Elmer-DeWitt Katy Huberty writes:
Our recent conversations suggest that investors expect Apple to release solid, but not exceptional, December quarter results. We disagree and believe Apple can report all-time record quarterly revenue and earnings.
Our controls aim to strengthen across Apple’s entire portfolio of products and services and we model double-digit Y / Y growth for all 5 revenue segments in the December quarter, with upside risk for iPhone, Mac and services.
Specifically, Morgan Stanley estimates Apple’s December quarter earnings will be $ 108.2 billion, 5% higher than the consensus. This would be due to an estimated earnings per share of $ 1.50, about 7% above consensus.
According to reports earlier this week, consensus earnings per share for Apple stood at $ 1.39 billion. From that report:
- According to this source Morgan Stanley Raises Target Apple Stock Price, Expects All-Time Record Earnings
- Check the more updates related to Apple Tips and Apple news now.
I hope you love this news please Share your love by following us on Facebook and Twitter for the latest apple news informationon and updates like Morgan Stanley Raises Target Apple Stock Price, Expects All-Time Record Earnings
from our channels.