“Supply chain checks suggest that Apple should be able be to produce 10 million iPod nanos before the end of the calendar year, and given the strong initial customer reception to the product, we think these units will sell through,” Citigroup Analyst Richard Gardner wrote in a note to clients today.
Tomi Kilgore reports for MarketWatch, “Citigroup Analyst Richard Gardner reiterated his hold rating on Apple’s stock, but lifted his price target to $55 from $40. He also raised his fourth-quarter earnings estimate to 41 cents a share from 36 cents and his 2006 forecast to 59 cents a share from 46 cents.”
Full article here.
He had it at $40 until today?! Now he’s got it at $55 per share. Don’t go way out on a limb there, Mr. Gardner.
UBS raises target price on Apple Computer, says iPod nano could be ‘key product’ into 2006 – September 26, 2005
Apple Computer shares hit all-time high, top $54 in early trading – September 26, 2005
Bear Stearns: ‘We see Apple making further PC share gains,’ raises price target to $58 – September 23, 2005
CSFB: Apple Computer is top pick in PC hardware sector – September 22, 2005
Banc of America reiterates ‘buy’ rating on Apple, raises target price and EPS estimates – September 22, 2005
Deutsche Bank predicts Apple will sell 43 million iPods in 2006 – September 21, 2005
Apple shares up strongly, hit new all-time high on report of better than expected Mac sales – September 20, 2005
Morgan Stanley sets price target of $60 for Apple, AC Research reiterates ‘accumulate’ rating – September 09, 2005
Apple Computer shares hit all-time high, top $50 in early trading; analysts up target prices – September 08, 2005
Apple continues to grow worldwide Macintosh market share – July 25, 2005
Gartner: Apple grows shipments 31 percent in Q2 2005, moves from 5th to 4th in U.S. market share – July 18, 2005
IDC: Apple gains U.S. market share at double overall market rate, up to 4.5 percent for Q2 2005 – July 18, 2005