Needham upgrades Apple from ‘Buy’ to ‘Strong Buy’

Needham & Co analyst Charlie Wolf has upgraded Apple (AAPL) from “Buy” to “Strong Buy” with a price target of $235.

Wolf wrote in a research note to clients today that the Apple upgrade is based “chiefly on the prospect that the current migration of Windows users to the Mac platform is likely to accelerate over the next several years.”


  1. “current migration of Windows users to the Mac platform”

    Come on over all you Windows fence-sitters. The next version of Windows is still 2 years away at the earliest. That’s one full PC lifecycle to try out a new Mac. Plus another new MacOS X version full of goodness is likely in that time.

  2. Yes we know that the unit sales of iPods have slacked off—even though the profitability has continued to grow! But you have four other businesses which are going gangbusters:

    1. iPhone is still at the beginning of a worldwide rollout and upgrades and new models will certainly be forthcoming in the next 6 months. Tell me this, is there anyone who is not adapting their business software for the iPhone? (Besides MS, that is.)

    2. iPhone/iPod Touch/SDK is going to open a whole new world of revenue to Apple as the software will be sold through the iTunes store.

    3. Macs are simply busting out everywhere.

    4. Apple retail and Best Buy partnerships are busting out everywhere.

    5. The iTunes video store/AppleTV combo is now poised to bring in some serious money.

    This is absolutely the last time Apple stock will go below $160. ” width=”19″ height=”19″ alt=”wink” style=”border:0;” />

  3. See,!!!!!

    3…….2…….1………Engines Start. ….

    As the houses like up to say that Apple will climb quickly, their very saying it will make it happen.

    Apple Stock lifting off the pad and ROCKETING to new heights.

    Hold on to your hats. ” width=”19″ height=”19″ alt=”grin” style=”border:0;” />


    MDN = drive as in Apple stock is powered by a Hyper drive!!

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