Analysts at Credit Suisse and Caris and Co. have upped their estimates on Apple stock.
Analyst Shebly Seyrafi of Caris and Co. reiterated her "above average" rating on Apple while raising her estimates for the company this week. The target price has been raised from $165 to $175.
The analyst predicts Apple revenue will continue to increase. She raised her estimated iPhone shipments to 1.4 million on strength of the recent price reduction, and raised her Mac targets to 12.1 million from 9.8 million units.
Similar news from Credit Suisse, where analyst Rob Semple repeated his $185 price target on the stock and wrote: "We believe Apple will be the best performing IT hardware stock in the fourth quarter."