“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