CSFB upgrades Apple to ‘outperform’ as Mac ‘poised to deliver strong growth, market share gains’

Analyst Robert Semple of Credit Suisse First Boston has upgraded Apple Computer to “outperform” from “neutral” on the belief that the “next leg up in the stock will be driven by the company’s success in the PC market, as its Mac line has just completed its second-straight quarter of market share gains,” Dow Jones reports.

“Analyst Robert Semple raised his stock price target to $45 from $40, his 2005 earnings estimate to $1.36 a share from $1.32 and his 2006 forecast to $1.61 a share from $1.52,” Dow Jones reports. ‘We believe that while iPod has been the growth catalyst for the story to date, the Mac business is now poised to deliver strong growth, market share gains and positive earnings revisions over the coming quarters,’ Semple said.”

Full article here.

Related MacDailyNews articles:
Gartner: Apple Mac moved up to fifth position in the U.S. market in first quarter 2005 – April 15, 2005
Apple Mac grew four times faster than global PC market last quarter – April 15, 2005
Apple Q2 2005 Macintosh and iPod unit results – April 13, 2005


  1. Once Apple unleashes an advertising campaign for the Mac Mini and Tiger (AND GOD HOW I HOPE THEY DO), sales will really take off. And then when they intro a new phone, whoa, watch what happens then.

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