“Lehman Bros. analyst Harry Blount raised his stock price target for Apple Computer (AAPL) to $94 from $73 and raised his 2005 earnings and revenue estimates due to evidence that sales of the company’s iPod Shuffle and Mac remain strong,” Tomi Kilgore reports for CBS MarketWatch.
“Blount lifted his 2005 earnings forecast to $2.38 a share from $1.93 and his revenue estimate to $14.1 billion from $13 billion,” Kilgore reports.
Full article here.
MacDailyNews Note: By “$94,” assume $47 to account for the split. AAPL is currently trading at $44.86.
Related MacDailyNews articles:
Apple’s decision to split its stock shows company has high expectations for the future – February 11, 2005
Apple announces two-for-one stock split – February 11, 2005
Way to go! Talk up the Apple price just before you sell.
Doesn’t exactly give the appearance of the analysts being timely or terrifically on top of things when they don’t take into account little things like stock splits and such. Although the way things have been going $94 after the split doesn’t seem outside the realm of possibility!
the beautiful thing about the split is that now for every dollar it goes up I make twice what I made before…
G Spank:
… or loose twice as much for every dollar it goes down. Wait, maybe that’s my investing experience I’m recalling. Never mind.
You’re confused. For every dollar it goes up, you’ll make…one dollar. If you think something else, look into it.
For every share of Apple stock G-Spank used to own, he know owns 2 shares. Every dollar increase in share value is now worth twice as much because it applies to twice as many shares that he owns.