Apple Inc. AAPL reported better-than-expected results for its second quarter on Thursday. The company raised its dividend and announced a $90 billion buyback program.
Apple reported earnings per share of $1.52, exceeding the consensus estimate of $1.43 per share. Revenue came in $94.8 billion versus the Street forecast of $92.96 million.
Apple shares gained 2.2% to $169.46 in today’s pre-market trading.
These analysts made changes to their price targets on Apple following earnings announcement.
- Keybanc raised the price target on Apple from $177 to $180. Keybanc analyst Brandon Nispel maintained an Overweight rating.
- Atlantic Equities raised the price target on Apple from $180 to $200. Atlantic Equities analyst James Cordwell maintained an Overweight rating
- Deutsche Bank boosted price target on Apple from $170 to $180. Deutsche Bank analyst Sidney Ho maintained a Buy rating on the stock.
- Needham raised price target on Apple from $170 to $195. Needham analyst Laura Martin maintained the stock with a Buy rating.
- B of A Securities boosted Apple price target from $173 to $176. B of A Securities analyst Wamsi Mohan maintained the stock with a Neutral.
- Morgan Stanley increased Apple price target from $180 to $185. Morgan Stanley analyst Erik Woodring maintained the stock with an Overweight.
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