Apple Inc. (AAPL) shares rose $7.12, or 4.4%, to close at $168.16 after RBC Capital Markets analyst Mike Abramsky raised his target price on Apple’s stock to $190 a share from $175,” Rex Crum reports for MarketWatch.
Abramsky “expects the company to exceed Wall Street analysts’ estimates when Apple reports its second-quarter results on Wednesday,” Crum reports.
Full article here.
MacDailyNews Note: The analysts’ consensus estimates for Q2 08 are $1.07 EPS on $6.95 billion in revenue vs. Apple’s guidance of $0.94 EPS on revenue of “about $6.8 billion.” For Q3 08, analysts expect $1.10 EPS on $7.14 billion in revenue. Apple reports this Wednesday, April 23, at 2pm PDT / 5pm EDT.
Funny how anal-ysts always set their targets to whatever way the wind currently blows.
http://macdailynews.com/index.php/weblog/comments/15897/P0/
Only 4-5 more days like today, and Apple just might manage positive stock growth for 2008.
This is the easiest money I ever made. My only regret: I should have bought more!
For some reason, Wall Street seems to have a hard-on for Apple.
I also wonder if the so-called ” analysts ” really know how to analyze a company and it’s worth and potential worth.
Apple has a winning line up of products and services and the future is bright for the stock.
Buy now … avoid the rush later.
Sell Now because it sure to tank on Wed.
Analyze will drive it down after the numbers come out!!! Whis it wouldn’t but what are you going to do??? Fuckers….
Um, MacDoc . . .
What language did you write your post in? And do you kiss your mother with that mouth?
(to quote Fake Sean Connery on SNL):
No, but I kiss your mother’s with that mouth
Have to agree with Macdoc on driving it down, just like after the Q1 results.You get the spineless investor that if Apple predicts only a 25% increase instead of 30% that will be the death of Apple and sell sell sell. I wouldn’t sell, hoping to see $200 by mid summer or sooner
@ OBill-Wan Kenobi
Agreed. I wish I had more cash to spare when i bought at $128 earlier! 🙁