UBS hikes Apple price target to $92, maintains ‘buy’ rating

“UBS raised its price target on Apple Computer Inc. (AAPL) to $92 from $80, and maintained its ‘buy’ rating on the stock,” Reuters reports.

Reuters reports, “In a research note, the brokerage said it expects Apple to shortly unveil a major move into the digital home with the potential to multiply its revenue streams.”

“‘We believe its evolving ecosystem can lead to higher sales of Macs given OS X’s unique ability to bridge the digital divide in conjunction with iTunes,’ said analyst Benjamin Reitzes,” Reuters reports.

Full article here.

[Thanks to MacDailyNews Reader “LinuxGuy and Mac Prodigal Son” for the heads up.]


  1. Where, oh where, has my little Stock Boy gone? Cat’s probably got his tongue.

    Or . . . maybe he had to sell it to cover his “shorts” on AAPL a couple of months ago.

    But, then again, that’s a sure win-win for the rest of us. No more all-too-wise prognostications from someone who doesn’t know sh*t from Shinola about finance.

  2. I can’t help being concerned about the guy who posted here a couple of months ago about his wife having left him from financial trouble and he sold all his AAPL stock at $50 because he ‘ had to stop the bleeding’.

    I hope he is OK, back with his wife and not gambling in Apple, or only investing money where he is prepared to lose it all.

  3. I cannot wait for Sept 12th

    Apple is doing incredibly well at defining market standards through introducing humanised technology. It is reassuring to see a company that makes such great, well thought out products doing so well and creating financial growth for its investors along the way.

    Last night I saw a few movie trailors on Front Row. I do not have super fast broadband, so each trialor was started with the Green Banner, and a little note at the bottom saying “downloading trailor” rather than some techno jargon waffle.

    Please Apple, never change. You deserve all the success you get.

  4. Sound advice from Peter Lynch. After watching AAPL every day for six years (and kicking myself for not investing like my roommate back in 2002), I finally got in on the stock at 52. Convinced my parents to do the same and they’ve made a bundle.

    Obsessively following Mac news has proven quite lucrative. I’m definitely holding till after this holiday quarter and then we’ll see from there.

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