White contends iPad could be “one of the most coveted gifts” this holiday season; he sees the company selling 7.1 million units in the September 2010 fiscal year, with 19.9 million in 2011, and 25.8 million in 2012.
The analyst said his target is based on 20x his interest expense/income adjusted calendar 2011 pro forma EPS estimate, plus net cash of $49.43 a share.
via Apple: Ticonderoga Starts With Buy, Street-High $430 Target – Tech Trader Daily – Barrons.com.
If Apple hits 5 million in the just ended September quarter Continue reading “Ticonderoga sees over 15 million iPads in 9 months”