Caris & Co. has initiated coverage of Apple Computer Inc. with an “Above Average” rating, setting a 12-month target price of $100.
Caris considers Apple “a winner” in the consumer electronics space and sees two keys for Apple in 2007, the long- and oft-rumored “iPhone” and a widescreen video iPod.
Apple shares today closed at $87.04, down $2.79, or -3.11%.
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As such, tomorrow the stock will plummet to $50.
I hope it plummets to $50. It’ll give me another shot at doubling my returns again.
R -“As such, tomorrow the stock will plummet to $50.”
R you don’t need to worry. Just hold and wait. Stocks always fluctuate like apple. Apple is a longterm play. If you bought in higher than todays close just hold and wait. Apple is just beginning it’s climb. It stands to splitting next year and climbing again. The future is bright.
How are they “Initiating” coverage of Apple?
This is the same group that DOWNGRADED Apple last January 19th?
Caris = holding onto others’ shirt tails..
did they just plug the numbers off the air? at least give us more basis for the analysis than just saying iphone and ipod. even my grannie can tell me that..
They downgraded the stock last year because on the run up to around 85 from 60 in november…
And it was good that they did…hovering around 50 in the summer helped get people in at a great price.
They are short sighted and have never seen the broader vision of apple. The analysts only like to look at quarter to quarter.