“Ahead of an event that is expected to launch both the Apple News subscription and video streaming offering on March 25, Apple is being considered an extremely valuable company by Needham,” Malcolm Owen reports for AppleInsider. “Analysts for the firm have raised its price target for the company from $180 to $225, at the same time as upgrading the rating, with the new target representing a 20-percent increase of the $188.16 per share price hit at Wednesday’s market closure.”
“The potential for Apple’s growth stems from its Services and other non-iPhone areas, the firm told investors on Thursday,” Owen reports. “‘We anticipate better than previously expected results from both Services and Wearables, Home and Accessories, as well as valuation upside created by falling churn and strong barriers to entry” for competitors, wrote analyst Laura Martin.”
Owen reports, “Needham suggests the video streaming project, which is thought will offer iOS device users access to original programming, will ‘drive higher lifetime value’ for 900 million users.”
Read more in the full article here.
MacDailyNews Take: Ahh, the ebbs and flows.
AAPL is like a buoy. Quick, it’s back on the surface! You there, analyst, and you, too, swim down and tug on the chain! Drag it under… lower, lower… Good! Now, quick, everybody jump on, and we’ll take a ride back up to the top again! — MacDailyNews, January 9, 2012
Looks like I was right way back when I predicted $170 as the new floor which AAPL would build on. Aside from a brief dip below $170 amid market chaos I was spot on. As smart investors know short term chaos is not relevant to a long term buy.
I’ve always said you have a knack for reading the stock market.
Another analyst’s price target tease for Apple. Let’s see how high the stock actually gets and see if it continues to trail Microsoft in overall market cap value. That trillion-dollar valuation seems like a long time ago. If it reaches $1T again, I can only guess at what mayhem will cause Apple’s stock to drop once again.
there’s nothing like a good short squeeze !
The dip is coming after Apple announcement on Monday.
So, sell high tomorrow, buy back next week at a discount, then ramp up… Again… Rinse… Repeat… Follow AAPL histogram… ZZZZzzzzz.