Apple To $184? These Analysts Revise Price Targets On iPhone Maker Following Q4 Results

Apple, Inc. AAPL reported stronger-than-expected earnings and sales results for its fourth quarter on Thursday.

Apple reported fourth-quarter EPS of $1.29 per share, exceeding the consensus estimate of $1.27. The bottom-line results also beat the year-ago quarter’s $1.24 and the previous quarter’s $1.20. Revenue rose 8% year-over-year from $83.36 billion to $90.1 billion. Analysts, on average, had modeled revenue of $88.9 billion for the quarter.

Apple shares rose 0.4% to $145.34 in pre-market trading.

These analysts made changes to their price targets on Apple following the release of quarterly results.

• Keybanc cut price target on the stock from $185 to $177. Keybanc analyst Brandon Nispel maintained an Overweight rating on the stock.
• Citigroup lowered Apple price target from $185 to $175. Citigroup analyst Jim Suva maintained a Buy rating on the stock.
• Deutsche Bank reduced the price target on Apple from $175 to $170. Deutsche Bank analyst Sidney Ho maintained a Buy rating on the stock.
• Barclays raised price target on Apple from $155 to $156. Barclays analyst Tim Long maintained the stock with an Equal-Weight.
• Credit Suisse lowered the price target on Apple from $190 to $184. Credit Suisse analyst Shannon Cross maintained the stock with an Outperform.