Analysts at Goldman Sachs have upgraded Apple Computer Inc. (AAPL) from “neutral” to “buy.”
Goldman Sachs target price on AAPL is set to $71.
Related articles:
Analysts see vast opportunity in Apple’s Mac story – July 20, 2006
The Mac is back: Rising Macintosh sales give more momentum to Apple – July 20, 2006
Citigroup sees Apple shares as compelling ‘Buy’ even on today’s strength – July 20, 2006
50% of Apple Retail Store customers are ‘new to Mac’ – July 20, 2006
Merrill Lynch ups Apple rating to ‘buy’; UBS raises Apple target to $80 – July 20, 2006
Apple shares rocket over 12% in pre-market trading on strong earnings report – July 20, 2006
‘Fantastic quarter’ helps Apple double share of U.S. retail notebook market to 12% – July 19, 2006
IDC: Apple Mac attained 4.8% U.S. market share in Q2 06 – July 19, 2006
Gartner: Apple Mac grabbed 4.6% U.S. market share in Q2 06 – July 19, 2006
Apple Q3 2006 Conference Call notes – July 19, 2006
Apple reports third quarter results: $0.54 per share on $4.37 billion in revenue – July 19, 2006
Can we say, “bandwagon?”
now that these fricken geniuses are on board, just watch the suits move the stock up….kinda funny since they(GS) are very highly regarded in the financial sector, but here in the tech sector they are the lemmings……….oh well, I am not complaining….
Investing is not as it used to be, and it has its own rules.
This is information to be digested, nothing more.
upgrading means nothing, last time they upgraded was at $85 .
Another analyst hops aboard the Clue Train. Better late than never.
As long as the stock gets back up past $73 I will be happy.
winmacguy,
it will, and higher. We musn’t forget; despite all the ups and downs, selling short and bear-raiding, – despite all the predictions from analysts, both good and bad, at the end of the day, the value of the stock follows the health and wealth of the company ….
and Apple is getting healthier and wealthier all the time.
Well put, Charko.
As Apple hits $20 billion in annual revenues and $2+ billion in income, it’s going to become harder and harder to deny just how tremendously the company is executing.
And as it gets larger, it will also make Apple’s execution all the more effective: chips will cost less, more copies of OS X and iLife will be sold, more tunes downloaded. I feel Apple is very close to the “tipping point” after which the floodgates will truly open.