“UBS analyst Maynard Um has issued a new investor note, raising Apple’s stock target from $160 to $170, while calling for a ‘Short Term Buy’ rating,” MacNN reports.
“The new target is based on the assumption of a higher cash balance by the end of FY10,” MacNN reports.
“The rating is based on a more complex set of factors, but mainly a full quarter of refreshed MacBook sales, as well as continuing expansion of the iPhone 3GS to other countries,” MacNN reports. “Whereas the iPhone 3G launched in 21 countries, the 3GS debuted in only eight.”
Full article here.
Wow, $170? That’s going out on a limb. “UBS, A Name You Can Trust”
The stock is in the mid $160’s so why not raise it to $170. Seems like a good move to me!
UBS: Unadulterated Bull Shit?
@Mark
Use clean language
I call it male bovine manure
But I do agree with you
$170?
I call that WILD SPECULATION!
This guy’s a loose cannon.
@Norm: More like, bovine fecal matter of the male species.
Dude!! That is hardcore. I guess they don’t understand this analyst stuff. When they say “follow a stock”, they don’t mean actually follow it with your estimates
I raise my target to $164.72.