“Apple Inc.’s share-price estimate was increased 36 percent at Morgan Stanley, which said higher market share, new products and scale advantages will lift earnings,” Juho Erkheikki reports for Bloomberg.
“Analysts including Kathryn Huberty raised their target price for the stock to $150 from $110, the brokerage said in note to clients dated May 30,” Erkheikki reports.
Full article here.
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I wonder if the stock will split again?
Just say no to splits. There are plenty of shares out there already.
Splits mean nothing. # of shares by itself means nothing either. I say Buy this puppy. I got on the train at $60 so I LOVE the sound of $150/share
I am quite happy with my Apple stock i bought in 2002.
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… I purchased shares at $21.50… Would have been nice if I had more bank to purchase even more at $13 per share, but alas, the vault had nothing left to give.
It has split twice since then. Some advantages of being older I suppose…
“Splits mean nothing. # of shares by itself means nothing either”
for someone with so little knowledge, it’s truly generous of you to share.
To split or not to split, that is the question:
For me, I would like for Apple to split–simply for the fact that it would basically allow average joes like me to buy more shares. Think about it, the more affordable the share price, the more people will want to buy. I certainly do. But, I can’t afford it at $115. I could afford it then when they split last year.
For those that don’t want to split, I can understand your position as well. You want to maintain value on the stock. One of the ways to do it is NOT splitting it. Take a look at Google. It has not split since they came out.
Whatever you chose, understand that you should hold the stock for the long term–unless of course you are a profiteer:-)
@AJ Just use something like sharebuilder.com that allows you to purchase fractional shares of stock. This way you can still buy into AAPL even at the current pricing. Sharebuilder has VERY reasonable fees too, IMO.
I am quite sure the Morgan Stanley analyst Kathryn was the one who predicted the features of the iPhone practically spot-on. She’s got an inside source, so I think this price target upgrade is a very good sign.
AJ, unless you are talking about buying 1 share, it does not matter. If you have less than $118 today, you can’t buy any stock, so it would matter. If you have at least that amount, you can buy 1 share, 2 shares, etc. You may not be able to invest all of your money in it, but your remainder would be less than the $118 price, right?
@O – R is right. Splits and # of shares do not mean anything. You need correlating data for either of them to mean anything. The most that a split means is that typically companies only split when their stock has been on the rise, so a stock split would indicate that the PPS has been rising. Doesn’t mean anything by itself though.
The new Gnu knew that there’d be another newer Gnu on the new block
“@O – R is right. Splits and # of shares do not mean anything.”
Jimbo, with all due respect, R is wrong.
The notion that splits are irrelevant is only applicable only in a mathamatical sense, a context which ignores market psychology. There’s a lot more to equity pricing than “1 share @ $1 = 2 @ 50¢.”