UBS Investment Research today raised its price target for Apple Computer Inc. from $95 to $108 per share.
“Our checks point toward solid iPod sales for new shuffles and certain nanos along with momentum in Macs and prospects for higher accessories and software longer-term,” the research firm said in a note to clients.
Shares of Apple Computer are currently trading up $1.92, or 2.14%, at $91.46.
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Yeah, $108 after the split.
Apple haven’t announced any new products for quite a while (in Apple-time) despite new competitor offerings, so the higher share price must be reflecting either increasing sales or confidence, or both.
Magic word ‘now’ as in ‘Now. Where did I put that piggy bank? I need to buy some shares.’
They shouldn’t split– there are enough shares out already. Let them stand with Google as “expensive” stocks.
What is the difference if it splits or not? It has no affect on how much money you have in AAPL. And if you can only afford one share at say $50 then you should NOT be playing in the stock market.
Keep in mind that these anal-ists can not properly do metrics on a company like Apple. They only include projections on revenues of existing products, not coming products. The notion that Apple will only climb to $108 in 12 months is laughable.