AmTech, BMO Capital up Apple price targets

BMO Capital Markets analyst Keith Bachman this morning raised his price target on Apple Inc. (AAPL) to $205 per share from $180 on expectations of greater iPhone sales.

In addition, American Technology Research has raised their AAPL price target to $220 from $210 on new carrier agreements and estimate that AAPL’s wireless subscriber
opportunity will more than triple to approximately 470 mln from around 150 mln today.

AmTech has raised their forecast for iPhone shipments to 11 million in CY08 and 17 million in CY09 (from 7 mln and 10 mln respectively).

[Thanks to MacDailyNews Reader “Mike in Helsinki” for the heads up.]


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