Analysts continue to revise estimates in the lead up to Apple’s (AAPL) second-quarter report next Tuesday. (Apple offered an updated data point this morning on iPad sales.)
This morning, Caris & Co analyst Robert Cihra raised his Q2 EPS estimate to $2.70 from $2.65 and upped his price target for Apple shares to $300 from $260.
Cihra also lifted his 2010 iPad estimate to 5.5 million units from 4.5 million and sees “ultimate near-term upside primarily limited by components/supply.”
Meanwhile, Standard & Poor’s Equity Research bumped its Apple price target by $10 to $270, while maintaining a Buy rating.� Analyst Clyde Montevirgen writes, “With shipments holding steady, we are increasing our iPad shipment assumptions. Also, following a strong report from chip maker Intel (INTC) , we are adding to our Mac unit projection.”
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