W.R. Hambrecht reiterates ‘Buy” on Apple, ups target price

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W.R. Hambrecht analyst Matthew Kather has reiterated his “Buy” rating on Apple Inc. (AAPL) and raised target price from $203 to $218.

In a note to clients today, Kather advises using Apple current drop in price “to patiently accumulate shares” ahead of new products, including the 3G iPhone expected in May-June 2008.

[Thanks to MacDailyNews Reader “Judge Bork” for the heads up.]

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6 Comments

  4. After reading about so many whinners bitching about Apple’s “expectations” or the drop in Apple share price, I almost fell out of my chair when I read this.

    Finally a small stock guy!

    Short term, investing in stocks is like gambling. Your odds are no better than Vegas. True investors are always thinking long term.

    Apple may go down to $80 in the next six months, but who cares. Fundamentally they are as sound an growth stock as you can get. Buy low (like now) and sit on your ass for a couple years and you will be rewarded.

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