Bank of America/Merrill Lynch has upped its Apple stock price target to $250. The company also raised 2010 and 2011 earnings per share (EPS) estimates to $12.20 and $13.44, respectively while reiterating its “Buy” rating.

Also, as reported by LoopRumors, Goldman Sachs has boosted its estimates on Apple through 2011 and believes that six million iPads could be sold this year. Goldman Sachs maintained its “Neutral” rating and set a new $240 price target.

Finally, Loop Rumors notes that Barclays Capital has increased its price target on Apple to $285. The firm says the iPad has met expectations and that the pricing is much more attractive than analysts predicted. They believe the iPad adds at least $1.00 in EPS and more than $20 in value to Apple’s shares.

Analyst Mike Abramsky with RBC Capital Markets called the iPad "another winner," noting that the device's true potential will not be realized until developers create new software for it on the Apple App Store (as reported by AppleInsider). He has forecast first-year sales of 5 million, adding 30 cents earnings per share to AAPL stock with an average iPad selling price of $600.

Analyst Brian Marshall of Broadpoint AmTech had originally forecast 2.2 million shipments in the first year, but said he now believes "an order of magnitude higher number is likely more accurate."

Analyst Shaw Wu says the $130 premium for the 3G-connected iPad could be a deterrent for potential buyers. He believes the Wi-Fi only version of the hardware could ultimately prove to be the best seller. He didn't forecast first-year sales, but noted that supply chain checks indicate Apple intends to build five million units in its first 12 months, and as many as 10 million units in its second year.

Oppenheimer Analyst Yari Reiner is predicting 1.1 million iPad units to be sold in the first year in his projections (which he says is a "conservative" estimate). For the second year, he has forecast 4 million, while checks with suppliers indicate Apple is prepared to ship 10 million units.