Prudential has raised their quarterly profit estimates for Apple Inc. (AAPL).
Apple shares are currently up $1.51, or 1.76%, to $87.41.
Prudential estimates earnings of 68 cents a share in the March quarter vs. their old estimate of 64 cents per share. Wall Street’s consensus target stands at 61 cents per share.
Prudential says the firm believes that iPod seasonality is being more than offset by stronger Mac sales and higher margins.
Related articles:
Georges Yared: ‘This is the time to accumulate shares of Apple, Inc.’ – February 20, 2007
5 compelling reasons to buy Apple stock – right now – February 15, 2007
Citigroup upgrades Apple Inc. from ‘hold’ to ‘buy’ – February 12, 2007
Needham raises price target on Apple Inc. to $135 from $115 – January 29, 2007
Slew of analysts up price targets on Apple Inc. – January 18, 2007
S&P upgrades Apple to ‘Strong Buy’ with target price remaining at $110 – January 02, 2007
Up 2 bucks as of 7:03 pac. =)
Yay…getting closer to where I bought it. Sigh of relief……..
Buster, just hang on to it. You’ll make out. Don’t worry about the short term. Apple’s going to keep growing for quite a while.
Buster,
there you go!
It’s just passed $2. You must be in the black now.
I’ve been in the black since I bought it for around $40.00
I bought in at 94.37 right before the earnings announcement. I thought it would go up because December earnings were so great, and after the last earnings report in mid-October the price skyed. I wasn’t thinking that the stock wouldn’t respond to the past quarter but to the guidance for the upcoming quarter.
So I’ve been in the red since then. Luckily I found a spare $2000 laying around and bought some more around 83.
In the black since buying at around $10
I intend to hang onto it. I bought at 87 and later another equal block at 97 exactly like Dolt. I am confident it will go up.
Someone wrote somewhere to not follow Appl daily or you will go crazy. That person was pretty well right, however it is like a sore in your mouth, you just cannot help sticking your tongue against it to see if it is still there.
Go appl….currently at $88,10….its on fire. Any idea why?
@ moo
Me too! And I just bought more last week and I’ve already made 4% on that.
-c
@ Buster – “Go appl….currently at $88,10….its on fire. Any idea why?”
In addition to the upgrade, there have been a lot of noise this morning about the booming video download market, so that might have something to do with it. And maybe all the fundies are finally backing off and are ready to let it grow for a while. It’s overdue, by every metric I can see. Hang on tight!
-c
Sorry, bad link…
http://today.reuters.com/news/articleinvesting.aspx?view=CN&storyID=2007-02-21T140030Z_01_N21273243_RTRIDST_0_INTERNET-VIDEO.XML&rpc=66&type=qcna
Thanks C1….I’m hanging
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Big volume today, too. I think we might finally see a break out of our 85$ slump.
$88.50
I’m stackin wood
Solid support at 89.
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I bought myself a new Cinema Display today.
-c
…and just watched The Incredibles on it.
Thanks Steve. =)
-c
MW: ‘built’ (to last)