“Piper Jaffray maintained an ‘outperform’ rating on Apple Computer and raised the target price to $79 from $68, citing continued strong demand for the iPod and a stronger product outlook for 2006,” David Ng reports for Forbes. “For the December quarter, the research firm estimates total iPod shipments of 9 million… Piper said it sees continued strong demand for the iPod and the Macintosh computer, and believes 2006 will be a ‘more robust product year’ than 2005.”
Ng reports, “The research firm said the incorporation of Intel chips will both likely lead to the launch of several new and updated Macs in 2006.”
Full article here.
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Related articles:
S&P analyst reiterates ‘hold’ on Apple, raises price target from $56 to $66 on TiVo news – November 21, 2005
Bear Stearns reiterates Apple ‘outperform’ rating, raises target to $70; AAPL hits new all-time high – November 16, 2005
Morgan Stanley ups Apple share price target from $60 to $70, expects ‘impressive’ future results – November 10, 2005
UBS: Apple to unveil Intel-based Mac mini in January; AAPL share price target raised to $74 – November 07, 2005
That’s $6 higher than my own forecast for this January. Apple i sdefinitely on a roll.
Want some fun?
Apple VS. Microsoft over the last 2 years:
http://finance.yahoo.com/q/bc?t=2y&s=AAPL&l=on&z=m&q=l&c=msft
Gregg Thurman: its the 28. 11 mate!!!
wait until they come out with the numbers of sold iPods for this X-mas shopping season.
Too stupid they still have supply problems…. do they never learn??? is it them or is it the NAND -chipp supplies???
I guess that 1.25B deal with the flashchip producers was a necessary move!!!
cheers!
Shaw Wu?? Gene Munster??
The last time they reached $80 they split their shares in two; trading at $40. ‘Looks like they’re going to have to do it again soon. Wow!
Hmm, the actual price went above the estimate, so it’s time to raise the estimate….
Anyone else experiencing problems with their stocks widget today?
This day must be SPECIAL because we like what the analysts are saying. How do you decide when to trust an analyst? When they are parotting your own thoughts/hopes? Why get a 3rd party opinion if it won’t be considered consistantly as valuable?
For what its worth, I do think a $78 target is realistic, if incredibly lofty, because AAPL is worth it.
How easy/difficult is it to buy/sell Apple stock? And what’s the cost of buying/selling the stock? Any investors like to chime in? Thanks.
Ng reports, “The research firm said the incorporation of Intel chips will both likely lead to the launch of several new and updated Macs in 2006.”
WHAT ? ? ? That’s just crazy talk. (way to go out on a limb there)
Investor:
Go to eTrade and create an account. The symbol for Apple Computer, Inc. is AAPL. You can buy as little or as much as you want, but the commission is $9.99 to $14.99, so buying 1 or 2 shares isn’t a good idea. Had you bought last Monday you’d be 10% ahead right now. That’s $1000 on a $10,000 investment in a week. I bought mine at $7.50 about 3 years ago, so I’ve made a bundle, but there’s still a lot to be made. One popular prediction is $300 by 2008. I wouldn’t be surprised, and I’ll still be long in AAPL in 2008.
my 2 cents: Scottrade is better for casual investors. $7 commission w/o penalties for minimum balances or inactivity fees that etrade and some of the others charge.
What multiple of future earnings is he guessing or is his estimate based on the greater fool method.
AAPL has been between 35 and 40 times forward looking earnings per share for the last 3 years or so. $1.85 in 2006 x 40 is $74.