“Bear Stearns maintained an ‘outperform’ rating and established a 2006 target price of $58 on Apple Computer (AAPL), saying near-term trends for the company remain strong,” David Ng reports for Forbes.

“‘We see Apple making further PC share gains,’ Bear Stearns said, citing the iPod’s drive in a resurgence of the Apple brand. The research firm is modeling sequential CPU unit growth for Apple of 5% and 8% in the calendar third and fourth quarters, which is a conservative set of estimates given Apple’s forecasted market growth of 8% and 15%,” Ng reports.

Full article here.

Related MacDailyNews articles:
CSFB: Apple Computer is top pick in PC hardware sector – September 22, 2005
Banc of America reiterates ‘buy’ rating on Apple, raises target price and EPS estimates – September 22, 2005
Deutsche Bank predicts Apple will sell 43 million iPods in 2006 – September 21, 2005
Apple shares up strongly, hit new all-time high on report of better than expected Mac sales – September 20, 2005
Morgan Stanley sets price target of $60 for Apple, AC Research reiterates ‘accumulate’ rating – September 09, 2005
Apple Computer shares hit all-time high, top $50 in early trading; analysts up target prices – September 08, 2005
Apple continues to grow worldwide Macintosh market share – July 25, 2005
Gartner: Apple grows shipments 31 percent in Q2 2005, moves from 5th to 4th in U.S. market share – July 18, 2005
IDC: Apple gains U.S. market share at double overall market rate, up to 4.5 percent for Q2 2005 – July 18, 2005