Analysts at Morgan Stanley today maintained their ‘overweight’ rating on Apple Computer, Inc. Their 12-month target price is $90.
In a research note published this morning, the analysts mention that the current weakness in Apple Computer’s share price, due to data related to Apple’s component supply chain and point-of-sale, is overblown.
According to Morgan Stanley’s note, the February NPD point-of-sale data does not reflect the initial robust shipments of Apple Computer’s MacBook Pro and/or sell-through of the new Mac mini.
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Related articles:
Bear Stearns: Apple is ‘buying opportunity,’ lowers price target to $100 from $103 – March 17, 2006
Piper Jaffray: Apple on track to meet or slightly exceed iPod unit expectations – March 13, 2006
Bear Stearns: Current Apple weakness is a buying opportunity – March 13, 2006
Citgroup analyst expects ‘fairly eventful’ Apple announcement around 30th anniversary on April 1st – March 13, 2006
Citigroup ups Apple to ‘buy,’ expects Intel transisiton to be complete in all Macs by August – March 13, 2006