Weisel ups Apple estimates, raises price target to $250

6 Comments

Parallels Desktop 5 for Mac “Thomas Weisel analyst Doug Reid this morning raised estimates on Apple (AAPL) after checking the company’s store trends over the weekend. He sees demand for iPhones and iMacs in December fairing better than expected. Reid has an ‘Overweight’ rating on Apple and today he raised his price target to $250 from $245,” Tiernan Ray reports for Barron’s.

MacDailyNews Take: Dougie’s a wild man.

Ray continues, “The holiday shopping season has seen ‘a sharp increase in the purchase of iPhone as a gift option,’ writes Reid. Reid sees improved iMac sales following the October 20 product refresh and believes there’ll be strong demand throughout the holiday season… Reid also thinks the much-rumored tablet computer could add 15 cents per share to earnings this fiscal year ending September and 72 cents for the following year.”

Full article here.

Related articles:
Broadpoint.AmTech boosts Apple price target to $260, says Apple ‘remains best tech co. on planet’ – December 28, 2009
Apple shares hit new all-time high – December 24, 2009
JP Morgan sees better-than-expected Mac, iPhone and iPod growth for Apple; ups target to $230 – December 14, 2009
Analyst initiates coverage of Apple with ‘Buy’ rating and $260 price target – December 08, 2009

6 Comments

  3. New York city got coal for Christmas. They were very bad for using too much data and had the lump placed into their socks.

    Maybe next year, if they are good and not use their iPhones soooo much!

    Do not worry, Verizon is going to get it and they will end up giving out that same lump of coal!!!!!

    Reply

Reader Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.