Updating price targets to account for a dividend, a buyback and 3 million iPad
Most Apple (AAPL) analysts like to publish their quarterly estimates for the current quarter the day after the company reports its results from the last. And then, unless things change dramatically, they stick with their forward-looking numbers for the next two and a half months.
Sometimes, however, Apple gets so far ahead of their forecasts that adjustments must be made.
Monday was one of those times. After Apple announced 1) a $10 billion stock buyback, 2) its first dividend since 1995 and 3) sales of 3 million iPads, the analysts scrambled to adjust their spreadsheets and published price targets. Among the new targets:
Those are the changes we've seen this week. Some of the increases are modest, like Barclay's 3% jump to $730.
Some are more dramatic.
The prize for biggest increase, unless we missed a note, goes to Morgan Keegan's Tavis McCourt for his 81% hike to $800 from the $441 target he set on January 19.
Disappointed there was no iPhone 5, but wowed by Siri and the speed of the rollout
Below: A roundup of what the sell-side analysts told their clients after Apple's (AAPL) iPhone 4S announcement Tuesday. The tone of their notes was generally positive, which may help explain why the stock, which had fallen more than $20 during the course of the event, managed to close at $372.50, down only $2.10 (0.56%) for MOREPhilip Elmer-DeWitt - Oct 5, 2011 6:49 AM ET
The Apple logo is now worth $39.3 billion according to Brand Finance
Microsoft (MSFT) is down 9% to $39 billion. Google (GOOG) is up 9% to nearly $48.3 billion. But Apple (AAPL) is way up -- 33% -- to overtake, for the first time, Microsoft, IBM (IBM), Wal-Mart (WMT) and General Electric (GE).
Those are the highlights of the interim brand value report issued last week by Brand Finance, a London-based consulting company MOREPhilip Elmer-DeWitt - Sep 15, 2011 11:17 AM ET
With hackers running riot on the Internet, here's how you can get paid to stop them.
By Alex Konrad, contributor
FORTUNE -- Don't let the headlines about New Corp.'s (NWSA) recent phone follies give you the wrong idea about hacking: Cyber crime is only getting more complex and dangerous, but it is creating new jobs for people who want to fight it. Recent high-profile hacks of government sites, Citigroup (C), and Sony MOREJul 22, 2011 5:00 AM ET
|Make $30 an hour, no bachelor's degree required|
|The 'chicken poop' credit and other bad tax breaks|
|Why Waze is a hot takeover target|
|McDonald's gives Charles Ramsey free food for a year|
|Hedge fund guru says moms and trading don't mix|