CLSA Upgrades Apple (AAPL) to Buy

Cowen Boosts PT on Apple (AAPL) to $630; iPhone 6 Launch Shaping Up Well

Cowen and Company is boosting its price target on Apple (Nasdaq: AAPL) from $590 up to $630 following FQ214 results released after markets closed Wednesday. The firm maintains its Outperform rating.

Analyst Timothy Arcuri commented, iPhone unit growth 2x digit Y/Y in... More

Apple (AAPL) Estimates, PT Lifted at Canaccord Genuity Post Q2

Canaccord Genuity analyst Michael Walkley reiterated a Buy rating and boosted his price target on Apple (NASDAQ: AAPL) from $600 to $610 following strong Q2 results.

Walkley said With stronger iPhone sales than anticipated due to share gains in China and other emerging markets... More

Deutsche Bank Comments on Apple's (AAPL) Q2

Deutsche Bank maintained a Buy rating on Apple (NASDAQ: AAPL) with a price target of $650.00. Comments follow Q2 results.

Analyst Sherri Scribner said, "iPhone unit sales were a positive surprise this Q, as AAPL benefit from growth... More

Apple (AAPL) PT, Estimates Raised at Nomura; 'Neutral' Maintained

Nomura Securities analyst Stuart Jeffrey boosted his price target on Apple (NASDAQ: AAPL) from $545 to $574 following Q2 results but maintains a Neutral rating.

Jeffrey comments, "iPhone sales proved surprisingly robust in Q2, driving better-than-expected revenues and gross margins. Management leveraged the good... More

Apple (AAPL) iPhone Business Healthy Into Major Product Refresh - Piper Jaffray

Piper Jaffray analyst Gene Munster reiterated his Overweight rating and $640 price target on Apple (NASDAQ: AAPL) following Q2 results saying iPhone growth reassures that business is largely healthy into cycle.

Munster comments, "We continue to recommend owning AAPL into new products... More

Apple (AAPL) Price Target Raised to $620 at Goldman Sachs; Analyst Notes Strength in Platform

Goldman Sachs maintained a Buy rating on Apple (NASDAQ: AAPL) and raised its price target to $620.00 (from $610.00). Analyst Bill Shope said Apple's platform showed its strength.

"Apple reported hefty 2Q14 upside, with revenues of $45.65 billion exceeding our estimate of $43.88 billion and consensus of $43.53 billion, and EPS of $11.62 surpassing our estimate of $10.42 and consensus of $10.18. The upside was... More

Apple (AAPL) Estimates Raised at Jefferies Post Q2; Buy Ahead of iPhone 6 Launch

Jefferies analyst Peter Misek raised estimates while reiterating a Buy rating and $625 price target on Apple (NASDAQ: AAPL) following strong Q2 results driven by very strong iPhone sales.

Misek comments, "iPhones were much stronger than expected with sell-through accelerating to... More

Apple (AAPL) PT, Estimates Lifted at BMO Capital Following Strong Q2

BMO Capital analyst Keith Bachman boosted estimates and his price target on Outperform-rated Apple (NASDAQ: AAPL) from $565 to $610. following strong Q2 results which had gross margins of 39.3% versus the 37.5% they were expecting. Moreover, iPhone ASPs moved lowered by $48 q/q, while iPad ASPs... More

Icahn 'Pleased' with Apple (AAPL) Results, Agrees with Raised Buyback

Carl Icahn is out commenting on Apple, Inc. (NASDAQ: AAPL) following strong earnings, a 7-for-1 stock split and a raised capital return plan.

On Twitter Icahn said, "Agree completely with $AAPL's increased buyback and extremely pleased with results. Believe well also be happy when we see new products."

Apple, Inc. (AAPL) Raises Quarterly Dividend 7.9% to $3.29; 2.5% Yield

Apple, Inc. (NASDAQ: AAPL) declared a quarterly dividend of $3.29 per share, or $13.16 annualized. This is a 7.9% increase from the prior dividend of $3.05.

The dividend will be payable on May 15, 2014, to stockholders of record on May 12, 2014.

The annual yield on the dividend is 2.5... More

Apple, Inc. (AAPL) Approves Increase in Buyback to $90B, Seven-for-One Split

Apple (Nasdaq: AAPL) announced that its Board of Directors has authorized another significant increase to the Companys program to return capital to shareholders. The Company expects to utilize a total of over $130 billion of cash under the expanded program by the end of calendar 2015.

As part of the program, the Board has increased its share repurchase authorization to $90 billion from the $60 billion level announced last year. The Company expects to continue to utilize about $1 billion annually... More

Apple, Inc. (AAPL) Tops Q2 EPS by $1.44; Announces 7-for-1 Stock Split

(Updated - April 23, 2014 4:35 PM EDT)

Apple, Inc. (NASDAQ: AAPL) reported Q2 EPS of $11.62, $1.44 better than the analyst estimate of $10.18. Revenue for the quarter came in at $45.6 billion versus the consensus estimate of $43.53 billion.

Apples sees Q3 revenue between $36 billion and $38 billion, versus the consensus of $37.87 billion. They see gross margin between 37 percent and 38 percent.

Were very proud of our quarterly... More