Analyst expects Apple to outperform the competition for years, Mac market share gains in 2006

“Piper Jaffray research analyst Gene Munster maintained an ‘outperform’ rating on Apple Computer and raised his price target and earnings estimates for the company based on this week’s announcements at MacWorld and expectations for market share gains for both Mac and iPod through continued product innovation,” Maya Roney reports for Forbes. “‘We believe 2006 is poised to be the year of both iPod growth and, more importantly, Mac market share gains,’ wrote the analyst in a research note Friday. ‘While seemingly aggressive, we expect Apple can outperform the competition for multiple years, assuming the current pace of innovation continues.'”

Roney reports, “Munster raised fiscal 2006 estimates for Apple to earnings of $2.17 per share on revenue of $20.22 billion from earnings of $1.74 per share on revenue of $17.58 billion. He raised fiscal 2007 estimates to earnings of $2.41 per share on revenue of $22.68 billion from earnings of $2.12 per share on revenue of $20.5 billion. He increased the price target to $103 from $80.”

Full article here.

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Related articles:
Piper Jaffray ups Apple share price target to $103, expects 2-for-1 stock split soon – January 13, 2006
Deutsche Bank hikes Apple Computer target price to $100 – January 12, 2006
Bear Stearns ups Apple rating, sets year-end price target of $105 – January 12, 2006
American Technology Research boosts Apple target price to $101 – January 11, 2006
First Albany increases Apple Computer price target to $92 – January 11, 2006
Soleil analysts hike Apple price target to $95 – January 11, 2006
Banc of America raises Apple price target to $87 – January 11, 2006
CSFB ups Apple target price to $90 – January 11, 2006
UBS hikes Apple Computer share price target to $100 – January 11, 2006
Cramer’s Mad Money: Apple going to $100, two thumbs up, way up! – January 10, 2006

13 Comments

  1. Ohhhh, man, as the Great One used to say . . .

    “How SA-WEEEET it is!!!!!!”

    This is just a motherf-cking GREAT time to be a Mac user.

    (And investor!!!!!!!!!!!!)

  2. I’m going to have to switch to some other OS now that Mac is not a fringe element anymore. Maybe Solaris or Xenix.

    Let’s see, “SolarisMania” or “XenixMania”. Not sure how they sound.

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