Morgan Stanley ups Apple share price target from $60 to $70, expects ‘impressive’ future results

“Rebecca Runkle of Morgan Stanley raised the price target and maintained an ‘overweight’ rating on Apple Computer in anticipation of a strong holiday season and continued portfolio expansion with the potential introduction of Macintosh computers based on Intel chips next year,” Maya Roney reports for Forbes.

“Runkle expects calendar fourth-quarter 2005 results to be ‘impressive,’ driven by an expanded iPod installed base, new iPods, extended digital content and CPU refreshes,” Roney reports. “The analyst said an Intel Mac launch in the first half of 2006 would be a major catalyst to near-term and long-term upside. She raised the price target on Apple to $70 from $60.”

Full article here.

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Related articles:
Windows PC retailers face tough holiday season, meanwhile Apple stores are packed as Mac sales surge – November 09, 2005
Analyst: ‘there are definitely a lot of people joining Apple Mac ecosystem for the first time’ – November 08, 2005
Analyst estimates over a million Windows to Mac switchers during 2005’s first three quarters – November 07, 2005


  1. I’m curious: Has Apple ever done a stock split that was MORE than two-for-one?

    In other words, isn’t it a simple matter of division? So if, say, the stock hits $90 and instead of two-for-one they do a THREE-for-one split, all stockholders would have three times the number of shares. Correct?

    Just wondering why they’ve never done that (if they haven’t).

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