“I had the chance to talk with four different British portfolio managers this past Friday, review the 2007 year and discuss the outlook for 2008. Funny, the four conversations ended up circling back to Apple,” Georges Yared reports for BloggingStocks.
Apple recently “stock closed at a new 52-week closing high on Friday at $194.30, almost $20 higher than the November 24 price. Yet, with all this action and performance, recently and all year, the stock is still a buy,” Yared writes.
“My friends the Brits are very bullish on Apple, and are aware of the price targets out there by the various analysts, including mine at $225. These four managers, by the way, manage $16 billion in the U.S. markets collectively. One has done the ‘internal modeling,’ and has a $290-$300 price target by year end 2008, and another has a $375 price target by mid-year 2009,” Yared writes.
“Tea and crumpets aside, Apple is still a buy,” Yared writes.
Full article here.
[Thanks to MacDailyNews Reader “Mike in Helsinki” 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. On November 24, 2007, Yared wrote, “Currently Apple is at $171 and this may be your last chance to buy it below $175.” On November 28, 2007, three trading days later, Apple shares closed at $180.22. Apple shares have not been below $175 since.
Related articles:
Yared: Last chance to buy Apple shares under $175 – November 25, 2007
Yared: Apple Inc. to surpass IBM market cap before end of Q1 08; $225 price target on AAPL – October 08, 2007
Yared: $200 price target on Apple may prove to be conservative – September 26, 2007
Yared: Last chance to buy Apple shares under $150 – September 19, 2007
Yared: Why Apple has doubled this past year – and could double again – July 23, 2007
Yared: 3 reasons to buy Apple shares now – June 15, 2007
Yared: Apple will be bigger than IBM – May 23, 2007
Georges Yared: ‘This is the time to accumulate shares of Apple, Inc.’ – February 20, 2007
I’m looking forward to the day in the near future that AAPL overtakes MSFT in market cap.
Vaya con dios…
300 by the end of July 2008 is my guess. The street’s estimates never include the new lines of revenue from Apple’s latest innovations or business deals. So even the AAPL bulls fail to project Apple’s real prospects.
Well, analysts can’t predict what those new deals are, since Steve doesn’t tell!
Well the company has oodles of cash, but, what if it is invested in commercial paper, as in sub prime worth who knows?
As we do not know anything much about in what is the cash hoard held, it would be serious bad news for AAPL if there is a write down of the investment portfolio in store.
It’s time Apple started paying dividends, which receive very good tax treatment, at least in bush country. That’s somewhere south of Canada.
$300 is surely within reach. Lots of Macs and iphones, and ipods and who knows what else to be sold. And no competitors are close at hand.
I think $350 by the end of 2008 is not unreasonable.
howiebear:
Apple Inc. is a publicly owned company and publishes detailed quarterly financial statements as required by the Securities and Exchange Commission.
http://pro.edgar-online.com/profile.aspx?ticker=aapl
Market Capitalization is not everything. And $300 for Apple is way overvalued in the first place. All of this based on the iPod success, and iPhone expactation… Apple is gonna bubble !!!
The last quarterly earnings call indicated Apple was earning 6% a month on their cash.
Six.
A month.
shhh the long want a slow steady rise
thank you
ps darth mac is not a good stock guy
ARG in a tech company the size of AAPL is unheard of
earnings is king and I have more earning coming next year
check apple m soft and dell on google compare them at max
you will see we have not yet start to move
Look at Apple’s sales and their increased marked share. Every quarter. If the company continues as they have then I’m lookin’ to retire early in a few years. $300 per share has a nice ring to it.
@ AAPL
I maintain my point. First of all, the revenue of Apple is not at that level at all. And it won’t be next year. Also, even though Apple is cool, innovative, etc. it is not obligatory for us to use Apple products. I don’t have to have an iPod, nor an iPhone, nor an iMac, etc. to make a living.
On the other hand, I can’t do without Windows in the today world. It’s indispensable. I can’t do without Oil, therefore I easily get why a cooporation such as Exxon Mobile is that important. The same goes with GE… not with Apple. If the iPod fad goes down, so does Apple.
Apple needs not only to raise their revenue, but also to secure it with indispensable products to make their growth and market cap stable !!!
I might not be a stock person, but I have common sense.
Uhm, dividends are taxed at my personal income tax rate, how are they taxed in Canada?
As for $300, Apple would have projected earnings of $10 a share in 2009. Right now analysts are predicting somewhere north of $6 for 2008, and $7 for 2009, but I’m thinking $6.50 for 08 and $8.50 for 09 is only 30% growth. $10, is just a touch beyond, so if Apple has a nice upside surprise, then it becomes possible, but definitely at the high end of possible, especially in light of the fact that $300 a share means that Apple would be one of the top-5 companies in value in the world. Though, given that this isn’t a static world, perhaps only top-10 by then. Still, the idea that Apple would be almost Microsoftian in size is mind-boggling.
Darth, by your assertion then, we can make a killing buying agricultral companies and home builders.
many here would argue that we need macs more than windows pcs to improve efficiency and productivity.
Darth Mac, more and more as time passes windoze becomes less and less of a requirement. That is the whole point with regards to the Mac gaining market share. As the Mac gains windoze loses. The Mac gain is accelerating. Doze is losing at the same rate as the Mac’s gain.
if you need to you can install and run windoze
on a mac
Darth mac buy an iphone and then get back to us
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@ Petr
You won’t necessarily make a killing investing in agriculture and home building firm because it might not share the same growth with some other corporations, BUT these areas are not as volatile as Apple, since people have to eat and live somewhere. And that’s not a fad. Cargill and ADM are much more stable than Apple.
The “beauty” of Microsoft is that, they have become indispensable. Even if you’re very productive with your Mac, you got to be at the very least, Windows compatible. Why do you think you have Office for Mac, or even Bootcamp. So MSFT revenue are kind of secured. Plus, the corporate world supports it. Whatever money MSFT is making, it is not principally related to a craze. Even if you don’t want to use Windows, it has an impact on you. MSFT is a cash cow, and their revenue are kind of secured.
Apple needs to be more that way. Therefore, not rely solely on the consumer market. iPhone is an opportunity to secure an important position in the corporate world, especially if they lauch a professional verson of iTunes to manage/share corporate content and media. Apple needs to be more than a niche product. Otherwise, $350 per share can bubble when comes the next craze.
Ironically, Zune is more a threat to iPod than Leopard to Vista !!!
Sadly, even at $300 per share, AAPL would still not be close MSFT in market cap.
C’mon everyone. You all know that Laura Goldman’s analysis is the best when it comes to rating Apple stock!
Darth: short. sell. AAPL.
If you’ve made money in the next 6 months doing this, then come talk to us.
If not, STFU.
@Quad Core: “Sadly, even at $300 per share, AAPL would still not be close MSFT in market cap.”
But at $377 they would exceed it (assuming MS stays at today’s 34.90, and that’s not impossible.)
@ twilightmoon
Lots, lots, loooots of ridiculous guess-timates around here. Like the goal is to have the biggest market cap no matter how much money gets in the bank !!! Apple future looks bright, but that not means it will worth $300 in 12 months. I’m happy people around here don’t manage Apple. Totally irrealistic. Hell no I won’t STFU. Apple should be stuck at $215 top.
@ Darth Mac
Zune is a threat to iPod? Which one?
Maybe to the 2006 Nano, but MS is moving to where the puck was. Even if they replicated the current Nano’s features they don’t have an iPod ecosystem surrounding their product. Zune Marketplace; what a joke!
MS has the individual talents to be the best software house in the world,. As it is they have Office, that’s it.
MS does not have the leadership or the corporate vision to set them apart from the Apple also-rans.
Apple has consistently said they are not out to compete with anyone (especially MS.) When will MS realize this and start being innovative. As I said they have SO much individual talent, and it is all wasted trying to play catch-up on every field in which they play.
As I said in my last post (above) I see no reason for MS stock to not be in the $35 range a year, even two years from now.
john