Piper Jaffray analyst: No concern about Apple’s share price

In a video interview posted online, MarketWatch’s Rex Crum interviewed Piper Jaffray analyst Gene Munster who explains why he’s not concerned about the recent pullback in Apple’s stock and why he remains bullish on the company as the company turns 30.

Topics covered include Apple innovations, the Mac platform, the iPod, reasons why Apple share price has pulled back in recent weeks and more.

The 4:07 video can be viewed here (MarketWatch offers only a choice of RealPlayer or Windows Media Player, please see “Demand QuickTime” link near the upper left of all pages of MacDailyNews).

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  1. Stockboy, let’s wait until the end of the year to see if Munster is wrong in forecasting $103. THAT is the time frame his advice was given in, NOT TODAY. (Two monster quarters coming up, Jul-Dec, with Microshaft sitting on its collective hands!)

    Oh, and one more thing . . .

    Given your lofty position in the stock room, do know what a “bear raid” is? You might want to investigate that market ploy before you start jumping on a guy’s ass.


  2. Bored Room — LOL. Thanks for the laughs.
    If the stockbroker guy was so good he would have told every one of his clients to wait until the stock drops under $60 then buy. Not tell them at $85+ to buy because the stock will go up another $15-§20.
    To get to $103 from the now $62.72 the stock has to go up 64%!!!

    I own Apple – bought it two splits ago. How about you Bored Room? Go to the boys locker room and do your “bare raid”. LOL

  3. Long term everyone. Long term.

    I taught high school during the internet bubble. A bunch of whiz kids in my classes insisted that they knew that the business cycle had ended and that they were in for making money hand over fist. No more shrink-backs. I warned them that their perspective was a tad limited– they were 16 years old. I ended up being right that things go up or down.

    People here are too focused on the short terms. Apple is still in growth mode. Just be patient.

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