Piper Jaffray raises Apple Computer price target from $68 to $79
Monday, November 28, 2005 - 10:59 AM EST"Piper Jaffray maintained an 'outperform' rating on Apple Computer and raised the target price to $79 from $68, citing continued strong demand for the iPod and a stronger product outlook for 2006," David Ng reports for Forbes. "For the December quarter, the research firm estimates total iPod shipments of 9 million... Piper said it sees continued strong demand for the iPod and the Macintosh computer, and believes 2006 will be a 'more robust product year' than 2005."
Ng reports, "The research firm said the incorporation of Intel chips will both likely lead to the launch of several new and updated Macs in 2006."
Full article here.
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That's $6 higher than my own forecast for this January. Apple i sdefinitely on a roll.