The new data from Apple (AAPL) over the weekend on iPad sales – the company said it has sold 2 million of the tablets so far – has prompted a round of upward Street earnings estimate revisions.
- Broadpoint Amtech analyst Brian Marshall repeated his Buy rating, while increasing his price target to $340, from $320. He raised his FY 2010 EPS forecast to $14.25 from $13.59; for FY 2011 he goes to $16.39, from $15.24. He lifted his iPad estimates to 2.5 million units for the June quarter, 10 million for calendar 2010 and 17 million for calendar 2011, up from 1 million, 6 million and 12.2 million, respectively.
- UBS analyst Maynard Um repeated his Buy rating, raising his target to $320, from $315. His FY 2010 estimate is now $13.41, up from $13.22; for FY 2011 he goes to $14.83, from $14.36.
- Barclays Capital analyst Ben Reitzes likewise repeated his Buy rating and upped his target to $320, from $315. His FY 2010 estimate is now $13.68, up from $13.32.; for FY 2011 he now sees $15.75, up from $15.25.
- Kaufman Bros. analyst Shaw Wu repeated his Buy rating and $320 target, while raising his FY 2010 forecast to $13.30, from $13.20; for FY 20110 he goes to $15.05, from $15.
- Piper Jaffray analyst Gene Munster repeated his Overweight rating and raised his target to $330, from $323.
AAPL is up $4.03, or 1.6%, to $260.91.
Scheduling note: This evening, Apple CEO Steve Jobs is the featured dinner speaker at the All Things D conference in Rancho Palos Verdes, California; I’m planning to blog the event live.
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