Voices

Apple: Pacific Crest Sees Rising Cash Flow From iPhone

Pacific Crest analyst Andy Hargreaves released a note this morning with a bunch of data points showing the rising importance of Apple’s (AAPL) iPhone in Internet usage. And he implies that the current value of the shares could be closer to $184 than the current $176.15 at which the stock trades.

Voices

Apple: Pacific Crest Ups Target, ’09 EPS Estimate

Pacific Crest’s Andy Hargreaves this morning raised his price target on Apple (AAPL) to $235 from $225, and upped his EPS estimate for the September 2009 fiscal year to $6.55 from $6.20. The moves reflect his bullish views on the prospects for the iPhone.