Optimistic on new products and fourth quarter guidance, Mizuho analyst Abhey Lamba reiterated a Buy on Apple AAPL and raised the price target from $90.00 to $105.00.
Lamba expects Apple to see an upside to fourth quarter estimates. The analyst expects revenue guidance to be $1 billion to $2 billion higher than consensus estimates, coming in between $42 billion and $43 billion. In addition, the EPS estimates of $1.34 may come in closer to the range of $1.39 to $1.44.
Mizuho commented that the company will likely benefit from iPhone's larger screens and Apple's new product category.
Shares of Apple closed at $95.35 on Tuesday.
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