Oppenheimer analyst Yair Reiner has raised his 12- to 18-month price target for Apple stock to $345, citing several expectations for the company's Q4 results announcement. Revenue and EPS forecasts, for instance, have been increased from $18.5 billion and $4.01 to $19.9 billion and $4.41. Reiner also observes that although Apple stock is up roughly 37 percent this year, its value still trails behind some fundamentals; consensus EPS estimates are said to have grown 75 percent since January.
