Analyst Sees $620 for Apple (AAPL) Stock, Groupon Growth Slowing, Upside for Akamai
Apple Inc. (NASDAQ:AAPL): Needham raised its price target for Apple shares to $620 citing upward revisions in the values of the iPad and Mac. The firm maintains 2012 and 2013 earnings estimates of $41.25 and $53.00, respectively, as well as a Buy rating on the stock.
Groupon Inc (NASDAQ:GRPN): Collins Stewart believes Groupon’s guidance indicates its growth may be slowing, but highlights the company’s improving profitability as a positive. The firm reiterates a Neutral rating on the stock citing growth concerns.
Akamai Technologies Inc. (NASDAQ:AKAM): Cowen said Akamai reported strong Q4 results citing record on-line spending and advertising during the holiday season. The firm also noted a strong pricing environment and bookings and believes there will be further multiple expansion as the company launches new products. Shares are Outperform rated.
TriQuint Semiconductor, Inc.(NASDAQ:TQNT): Needham believes TriQuint’s margin decline in Q4 overshadowed the revenue upside. The firm views the sell-off post results as a buying opportunity and upped its price target for the stock to $8 from $7.
Stryker Corp.(NYSE:SYK): After Stryker’s CEO abruptly resigned for personal reasons, RBC Capital doesn’t think the resignation suggests that there is any change in the company’s core business outlook. The firm believes that the company’s executives should be able to effectively manage the company during the transition and it maintains an Outperform rating.
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