Stock markets haven't even opened yet on Monday morning, but already analysts are busily adjusting their target prices for Apple Inc. shares following what looks like a successful iPad launch on the weekend.
From what we could gather, eight analysts have bumped up their targets on the stock on Monday morning alone (with no cuts), with the bumps ranging between 2 and 30 per cent. Here's the run-down:
JPMorgan new target: $305. Old target: $240 Change: 27 per cent.
Kaufman Brothers new target: $295. Old target: $253. Change: 17 per cent.
Thomas Weisel Partners new target: $280. Old target: $270. Change: 4 per cent.
Susquehanna Financial Group new target: $275. Old target: 260. Change: 6 per cent.
Piper Jaffray new target: $289. Old target: $284. Change 2 per cent.
Credit Agricole Securities new target: $280. Old target: 260. Change: 8 per cent.
Deutsche Bank new target: $325. Old target: $250. Change: 30 per cent.
Canaccord Adams new target: $300. Old target: $250. Change: 20 per cent.