“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
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American Technology Research boosts Apple target price to $101 – January 11, 2006
First Albany increases Apple Computer price target to $92 – January 11, 2006
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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
This is too exciting. I need a new didey.
I bet there are a lot of exhausted Apple employees. My hat is off to them.
Time to raise the pirate flag at Infinite Loop again?
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!!!!!!!!!!!!)
Porn on iTMS will make Apple billions!!!
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.
Porn on iPod is going to be big. Really big!
Yes. Schwantz. I wants me more schwantz.
Porn gutter crawlers.
That’s funny because I’ve found myself wanting to switch to PC because it is so not cool now.
Umm, wasn’t 2005 an exciting year of Mac marketshare gains? Why do they act like Mac’s marketshare has been flatlining all this time?
Christ Himself, let them keep thinking that. If they think it still has potential for growth, the stock keeps going up. Next thing you know it will be 10% and the competition will be looking over their shoulders.
dUDE!
The PC was NEVER cool.
I fly a lot in my work (as a director of photography for a large porn studio). We’re working on the iPorn an exciting new case accessory for the video iPod. The prototype has a polarized screen on it so you can be watching a beautiful young star performing while the person in the seat on the plane next to you can’t see a thing. We think it’s going to let a lot of people enjoy porn in a variety of new and unexpected places.