First Albany raises Apple stock price target to $60 on Mac share gains, iPod nano strength

“First Albany raised Apple Computer’s (AAPL) stock price target to $60 from $53 on the belief that iPod nano’s success will provide upside momentum heading into the fourth quarter. ‘Despite the stock’s run and the inevitability that Apple’s growth rate will eventually slow, we think renewed iPod demand/leverage and continued central processing unit share gains should enable sustained stock momentum through the end of the year,’ said Analyst Joel Wagonfeld,” Tomi Kilgore reports for MarketWatch.

Full article here.


  1. There’ve been a lot of ups and downs since he first started the company. I’d have been happy to buy at $14 a couple of years ago ($7 in today’s post-split money).

    MW “recently” – things have been looking up!

  2. Don’t be Nongs, Boofheads & Drongos – don’t you realize AAPL has a long way to go up from here today. Apple has ONLY 6% of total music sales and ONLY 5% of computer sales and maybe soon ONLY 80% of movie downloads (5% of total video store rentals)

    Even if these ONLY increase to 10% Apple’s stock will MORE than double (economies of scale), and you’ll be kicking yorself you didn’t buy stock when it was ONLY $US53 !

    MW: Longer, as in don’t wait any LONGER
    (sorry about all the capitals, I like shouting)

  3. Randy Z.: Which Steve? ” width=”19″ height=”19″ alt=”wink” style=”border:0;” />

    First Albany is just trying to save face, since the stock was recently at $55. Next Tuesday Apple will announce another stellar quarter (end of year, actually), then we have the new video product announcement on Wednesday morning. A good time to own AAPL.

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