Apple is “back up to $141 and this may be your last chance to buy it here under $150. Why? A lot of catalysts are on the near term horizon,” Georges Yared writes for BloggingStocks.
“Apple finishes its fiscal year in 11 days. The September 30 quarter and year-end will wrap up an exceptional year for Apple, yet many would argue that the best is yet to come. I expect the year finishing in 11 days to have final revenue numbers of $24 billion with earnings per share coming in at $3.75. iPhone revenues will be somewhat relevant, but that piece of the Apple story is JUST BEGINNING. As Apple exits fiscal year 2007, the more relevant story is still the overwhelming success of the iPod with the corresponding iTunes store, and of course, the newly revamped iMac computer,” Yared writes.
“The stock has been a buy for the past 3-4 years and will continue to be so over the next three years at least.This may be your last chance to get in below $150. My 2008 price target is $200-210,” Yared writes.
Full article here.
[Thanks to MacDailyNews Reader “Michael” for the heads up.]