Analyst Sets $665 Target for Apple (AAPL) Shares, Visa Outlook Strong
Apple Inc. (NASDAQ:AAPL): Canaccord’s checks indicate iPhone market share increases and strong sales in international markets. As a results, the firm raised its March quarter iPhone estimates to 32.6M units from 30.1M units. Shares remain a Top Pick with a $665 price target, up from $650.
Visa, Inc. (NYSE:V): Oppenheimer increased its target on Visa after the company reported stronger than expected Q1 results and raised its guidance. The firm thinks that the guidance increase suggests that the effects of the Durbin amendment are more benign that previously anticipated, and it maintains an Outperform rating on the stock.
Insulet Corporation(NASDAQ:PODD): Brean Murray expects Insulet’s Q4 earnings report after the close to be significant in that it will address one of its key overhangs. The firm believes the company will refine its models to better reflect the timing and transition dynamics associated with the EROS omnipad. Shares are Buy rated with a $24 price target.
OraSure Technologies Inc.(NASDAQ:OSUR): ThinkEquity increased its target on OraSure after the company reported stronger than expected Q4 results. The firm forecasts that the company’s revenues could more than double by 2014, and it maintains a Buy rating on the stock.
ON Semiconductor Corp.(NASDAQ:ONNN): Baird raised its price target on ON Semiconductor following better than expected Q4 results. The firm cited continued gross margin recovery, potential for increased revenues as Sanyo recovers from its capacity loss, and increased market share. Shares are Outperform rated.
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