“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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Yea, keep raising that target.
the stock WILL drop down to 40-45 next year
but that’s a POST split price
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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).
Hey Bronco – Look that up for us, would ya’?
I just bought a 5g black iPod 60gig.
Thing is SWEET!!!!
Keep goin’ Apple.
in a few years, once the Intel transition is complete, a $70 target price will look cheap.
MW ‘knew’ as in I knew I should have bought more AAPL than I did.
Just three stock splits in Apple’s history, all 2-for-1.
Yes, but do Shaw Wu and Gene Munster agree with this?? Meaningless otherwise….
MW: Attack
Wu can’t get anything right; who cares what he thinks? Munster is bullish on AAPL.
Rebecca has a clue; Wolf is without a clue (and schizo)