Apple iPad Launch Better Than Expected

Apple is still surprising analysts and consumers alike with their iPads selling better than expected.Analysts at Sterne, Agee & Leach on Tuesday lifted their price target for the tech giant to $740 a share from $620 a share. The analyst company attributes the change in their price target over Apple’s launch of its new iPad being stronger than expected.Apple said they have already sold 3 million iPads since its launch last Friday. In 2012, analysts are now expecting the company to sell 60 million iPads, up from their earlier estimate of 55 million.Sterne Agee also raised their 2012 profit target for Apple to $43.80 a share from $43.30 a share and reiterated their buy rating on the company.