Analyst Steven M Fortuna of Prudential Financial has reiterated his “overweight” rating on Apple Computer (AAPL), while raising his estimates for the company. The target price is set to $55. The current valuation of Apple Computer’s stock is attractive, Prudential Financial believes. The EPS estimates for 2005 and 2006 have been raised from $1.17 to $1.33 and from $1.47 to $1.61, respectively.
Analyst Andrew J Neff of Bear Stearns reiterated his “outperform” rating on Apple Computer (AAPL.NAS), while raising his estimates for the company. The target price has been raised from $49 to $52. Apple Computer’s growth profile is becoming increasingly balanced, the analyst says. The company is, however, likely to witness near-term weakness in its share price, since the iPod sales for the quarter were short of the aggressive consensus expectations, Bear Stearns adds. The EPS estimates for FY2005 and FY2006 have been raised from $1.13 to $1.35 and from $1.53 to $1.65, respectively.
Analysts at AC Research have initiated coverage of Apple Computer, Inc. with an “accumulate” rating. Apple Computer has been issuing conservative guidance and has always been able to exceed its projections, AC Research points out. There is moderate upside to the company’s share price for the next months, the analysts say. Growth dynamics are expected to slow down, however, in the forthcoming quarters due to intensified competition, the analysts add.
Analysts at Morgan Stanley maintained their “overweight” rating on Apple Computer. The target price is set to $60. The company’s share price is expected to be volatile in the near term due to several product launches expected during the current year, Morgan Stanley adds.
More information at newratings.com here.
Apple has got the current product line in good order so what are the next insanely great products going to be?
I sold mine last week, now buy buy BUY!!
offtopic — i love TiVo but why would they advertise on macdailynews when they came out yesterday saying it is too costly to offer a version of TiVoToGO for the Mac?? how about these companies that say that offer Mac users a lower price since we can’t use the features they advertise.
Watching movies at home is fine, but we REALLY need to be able to watch movies while jogging and riding elevators.
And don’t start in about the 2″ screen. We look at postage stamps that are smaller than that all the time. Do you see people saying “Whaaa…. stamps should be six feet square!!!!”
I didn’t think so.
Also Apple needs to give Microsoft a free handout and open up the iPod and iTMS.
THEN we’re talking share price excitement
” width=”19″ height=”19″ alt=”smile” style=”border:0;” />
The success of crappy portions of ring tone songs to teenagers on phones for 4 times the cost of iTunes quality songs has proven to me that there must be a market for both postage and HDTV movies. The new iTunes and iPod video should sell them both, with the postage size movies being much cheaper, the VideoCD quality at the cost of a current video and the HDTV of the same movie at an exhorbetant rate.
We will buy them all for we all have different video needs. Crickey, when I think of how many movie previews I’ve downloaded from Apple – dozens!
Guess Poser: “Media Center” type of device seems to be crying out for the Apple treatment. Whether it’s a “software and connectivity” solution built around existing machines or a whole new device, it will be the sort of thing that would make me run out and buy a complete new system. But getting around the need for a multi-thousand dollar HD-capable TV is a problem…
I’m going to go out on a limb here and make a solid prediction for Q1/FY2006 (the holiday quarter for this year).
Apple will achieve the first $6 billion quarter in its history, assisted by the sales of some 18 million iPod units (generating over $3 billion in revenue) and the sales of 1.5 million CPU units (generating some $1.875 billion). Revenue from software, iTMS and other items will be difficult to track, but will exceed $1 billion assisted by iTMS sales of nearly $300 million in the quarter. Profits for the quarter will be approximately $480 million.
I am – for what it’s worth – a more accurate predictor of Apple’s fortunes than Paul Thurrott, so if anyone wants to come up with an alternate viewpoint I’m more than willing to have the debate.
What’s up with 10.3.9?
can someone tell me ….
whats the first 4 letters in the word …. analyst
’nuff said…
YEAHHH, BUYING TIME AGAIN!!!!!!
Don’t you just LOOOOVVEEE IT?
Out at $38 and change, back in at $35 and change, but with 10% more shares. Ain’t life interesting?