Nate Pile: Analysts are dramatically underestimating Apple’s Mac resurgence

“Apple’s stock has continued to buck the trend on Wall Street, posting a 14%-plus gain in the four weeks since last month’s issue went to press,” Nate Pile, the editor of Nate’s Notes, explains. “And, while there is always the chance that a negative surprise will suddenly materialize for the company, I continue to believe that the company’s prospects are still the brightest they have ever been, especially when it comes to the company’s computer business.”

Pile writes, “In a nutshell, I believe that analysts are still dramatically underestimating the chances of Apple pulling off a major coup in this space by returning to double-digit market share ‘far sooner than anyone believes is possible.’ In anticipation of a great holiday season, AAPL is now a strong buy under $185 and a buy under $220.”

Source: Nate’s Notes Issue 155

35 Comments

  1. > returning to double-digit market share ‘far sooner than anyone believes is possible.’

    I think Apple is already passed the 10% mark in the U.S., starting the current quarter. At this point, no well-informed buyer is going to want a brand new computer with Windows Vista. I’d guess about 1 in 10 buyers are “well-informed” at this point. The only truly viable alternative is to buy a Mac (with apologies to the Linux folks).

  2. The full extent of the Apple resurgence presently underway will not be fully visible until it is viewed with hindsight… ” width=”19″ height=”19″ alt=”wink” style=”border:0;” />

    He may well be right.

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