Piper Jaffray hikes Apple price target from $160 to $205, ‘A tidal wave is coming’

“Shares of Apple Inc. [AAPL] rose in Friday premarket trading, after a Piper Jaffray analyst said he expected the company to sell 45 million iPhones in fiscal 2009,” The Associated Press reports.

MacDailyNews Note: AAPL is currently trading up $2.18 at $142.18 in pre-market trading.

“Analyst Gene Munster raised his price target to $205 from $160, expecting robust sales of the iPhone to significantly boost earnings,” AP reports.

Full article here.

Michael Patterson reports for Bloomberg, “‘A tidal wave is coming in 2009,’ Minneapolis-based analysts Gene Munster and Michael Olson wrote in a report published today. ‘One thing we learned with the iPod is that when a device is game-changing, the demand will come.'”

Full article here.
We’re not so sure why everyone’s so excited about the 45 million iPhones in 2009 prediction since Munster’s been saying that since at least early June. Regardless, let the $200+ target prices flow forth as the rest of Wall Street finally begins to figure out and believe what’s happening with Apple.

53 Comments

  1. …but the reality is, I think we should be concerned about the broader market. AAPL isn’t likely to stumble by itself, but rising oil prices or even a terror attack in the US could sink it easily.

  2. heh. and out in California … the earth is quaking in anticipation of the opening bell ..

    Nice touch. ” width=”19″ height=”19″ alt=”grin” style=”border:0;” />

  3. Alright everybody, calm down. Take a deep breath. Okay. First of all we’ve got 2 preposterous notions going on here:

    1. AAPL is going to push $200? Are you kidding me? AAPL is overpriced by about $130 at its current state. Allow me to mention two words which will bring AAPL crashing down: Zune Phone.

    2. Macromancer says there could be a terror attack in the U.S. Hey Macromancer haven’t you been listenting to the news? Can MACs even get on the internet so you Apple lemmings can be informed? The President of the United States has said over and over that we are winning the war on terror which means we are winning the war on terror. End of story. It’s unpatriotic to question what the President in the U.S. is doing, so DON’T!

    BTW Great job, GWB! Keep up the great work!

    Your potential. Our passion.™

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