Analyst Jonathan Hoopes has kept a buy rating on Apple’s stock and says that concerns about first quarter results and unwarranted, reports AP. “”In our opinion, Apple stock is positioned to outperform based on a series of potential quarterly catalysts we highlighted two weeks ago,” Hoopes wrote in a note to clients. “We believe investors are overly discounting concerns about Apple’s performance in the December quarter.” Hoopes, who has a US$100 price target on the stock, expects the company to report 79 cents per share earnings on $6.72 billion in revenue for the first quarter.”
