Piper Jaffray maintains ‘outperform’ on Apple Computer with $103 price target

“Apple’s move to allow Windows XP to run on Intel-based Mac computers will expand Mac’s market share, according to Piper Jaffray analyst Gene Munster,” Mary Crane reports for Forbes. “Boot Camp, unveiled by Apple last Wednesday, ‘removes a significant hurdle that kept many first-time Mac buyers from switching,’ says Munster. The Boot Camp software provides potential new Mac buyers the safety net they need to make the switch from PCs.”

“Mac market share of worldwide PC shipments rests at around 2.5%. Munster says Piper Jaffray’s 2006 and 2007 estimates for Mac market share that remain flat at 2.5% may now be too conservative,” Crane reports. “For now, the analyst maintains an ‘outperform’ rating and price target of $103 on Apple.”

Full article here.

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5 Comments

  1. “The Boot Camp software provides potential new Mac buyers the safety net they need to make the switch from PCs.”

    So now an OS that gets viruses, adware, etc is now a “safety net”…..

  2. It’s a “comfort from familiarity” net. Potential switchers can buy Intel-based Macs with the comfort of knowing that the dark side is always just a reboot away. Eventually they will learn to toss the pacifier/blankie.

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