Apple Analyst Targets $750 Stock Price and 4 Insights Making Rounds
21Vianet Group Inc (NASDAQ:VNET): Before the company’s Q3 report, Canaccord has decided to keep its Buy rating on 21 Vianet. The firm continues to believe that its data center expansion in Q2 will show accelerating growth for the remainder of 2012 and into 2013. Shares keep a Buy rating and a $16 price target.
Ventrus Biosciences, Inc. (NASDAQ:VTUS) reported lower Q3 EPS than predicted, influencing Cantor Fitzgerald to believe that the results were “meaningless,” but the stock did fall 7 percent yesterday. The firm thinks that the market is assigning minimum value to the company’s Phase III asset in anal fissure, which will likely be ready by the end of 2014. Cantor keeps its Buy rating on the stock.
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Facebook, Inc. (NASDAQ:FB): According to Cantor, investors should take advantage of the volatility which is a probably result from the massive lock-up expiration of Facebook shares, and the firm believes that the company will be a winner over the long-term. The firm keeps its Buy rating on the stock.
Concho Resources, Inc. (NYSE:CXO) price target has been reduced by Barclays to $92 from $104.
Apple Inc. (NASDAQ:AAPL) shares are predicted by RBC Capital to outperform due to the strong December quarter, improvements in its margins beginning this quarter, and the possible launch of a deal with China Mobile (NYSE:CHL) in 2013. The firm keeps its Outperform rating and a $750 price target on the stock.
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