Apple Inc. [AAPL] “shares have been a home run for investors in this difficult and challenging year. Apple is fast becoming the business school case study right before our very eyes as this company is executing flawlessly,” Georges Yared writes for Blogging Stocks.
“Currently Apple is at $171 and this may be your last chance to buy it below $175,” Yared writes.
“I estimate Apple will earn $5.10 per share in fiscal 2008 and $6.25 for fiscal year 2009. I also believe these numbers will be revised upwards several times before we see the end of fiscal year 2009. My price target on Apple is $225 … and yes, this will likely go up as well,” Yared writes.
Full article here.
[Thanks to MacDailyNews Reader “Linux Guy And Mac Prodigal Son” for the heads up.]
MacDailyNews Note: On September 19, 2007 (with Apple shares closing that day at $140.77), Georges Yared wrote, “This may be your last chance to buy [AAPL] here under $150.” On September 25, 2007, four trading days later, Apple shares closed at $153.18. Apple shares have not been below $150 since.