Apple Computer rallies to 4-month high

Shares of Apple Computer (AAPL : $72.5801, +$2.5501, +3.64%) are rallying to hit a 4-month high, “and have now gained 42% since closing at a 9-month low of $50.67 on July 14. Analyst Benjamin Reitzes at UBS said he believes Apple will unveil on Sept. 12 ‘a major move into the digital home’ which may have the potential to multiply its revenue streams,” Tomi Kilgore reports for MarketWatch.

“Reitzes said the move could also result in higher sales of Mac computers. Reitzes also reiterated his buy rating on the stock, but raised his price target to $92 from $80,” Kilgore reports.

Full article here.

Related article:
UBS hikes Apple price target to $92, maintains ‘buy’ rating – September 07, 2006

20 Comments

  1. Stoooooooooock Boooooooooooy???? Where are you Stock Boy? I’m thinking you are stocking the shelves at the local 7-11. Yep, that’s where you are. It was less than 2 months ago when you told us that AAPL was heading to $40. Luckily, I knew you were a contraindicator and I bought more stock down in the low $50s! I hope for your sake that you didn’t know how to short AAPL at that time, because you would have lost over $20 per share by now.

    Oh wait, I guess I DO hope you knew how to short, and that you lost your ass.

    (Don’t know why I’m writing this – stock boy is not going to show his face back here again.)

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