Apple will announce its latest financial results on Tuesday, April 20. And two analysts have upped their price target for the company’s stock.

As reported by AppleInsider (, Piper Jaffray analyst Gene Munster is predicting sales of 7.5 million iPhones for the first quarter of calendar 2010 and 2.9 million Macs. Those would be year-over-year growth increases of 93% and 39%, respectively. Munster has raised his price target to US$299.

Meanwhile, Caris & Company analyst Robert Cihra has raised his estimate to $300. He’s forecasting sales of 7.5 million iPhone sales and 3.1 million Mac sales.