Apple will announce its latest financial results on Tuesday, April 20. And two analysts have upped their price target for the company’s stock.
As reported by AppleInsider (http://www.appleinsider.com), Piper Jaffray analyst Gene Munster is predicting sales of 7.5 million iPhones for the first quarter of calendar 2010 and 2.9 million Macs. Those would be year-over-year growth increases of 93% and 39%, respectively. Munster has raised his price target to US$299.
Meanwhile, Caris & Company analyst Robert Cihra has raised his estimate to $300. He’s forecasting sales of 7.5 million iPhone sales and 3.1 million Mac sales.