“‘We believe multiple tailwinds exist for iPhone demand,’ he wrote, ‘including strong uptake at AT&T (continued) and international growth (expansion to multi- carrier and with existing carriers)… We raise our iPad estimates on better than expected demand (with lengthy lead times) and based on channel checks in Asia. Also, we believe consensus estimates meaningfully underestimate Apple’s gross margin potential (not overly unusual),'” Elmer-DeWitt reports.
“Craig is the fourth major analyst this month to raise Apple’s price target in advance of the company’s third fiscal quarter, which ends June 26,” Elmer-DeWitt reports. “The others were Morgan Stanley’s Katy Huberty (to $310), Standard & Poor’s Clyde Montevirgen ($300) and Sterne Agee’s Vijay Rakesh ($300).”
Full article, with a list of analysts’ current ratings for Apple, here.
[Thanks to MacDailyNews Reader “Edward W.” for the heads up.]
It WILL happen. Keep laughing naysayers Keep Laughing at this Insignifigant tinker toy computer maker.
At least a few analysts want to get ahead of the curve.
Finally these people are waking up!! I still think their estimates are low. $375 is the spot.
still too low for 12 months !
they lack basic arithmetic skills to estimate EPS … or they think Apple will go to m$’s P/E with 50%-90% Y/Y growth ?
Look out Exxon Mobile–we are coming for you!
325? when? market is down
maybe sometime in future
tired of these analyst predictions
get same odds by playing lottery
The overall market is a bit precarious at the moment. However, today is a good example of “flight to quality” for AAPL, with the overall market being down about 1% and AAPL being up 1.39%. MSFT was down with the overall market, BTW. With all the hype from the “Apple is now bigger than Microsoft” stories, I think more typical investors are seeing Apple as a “safe bet” now rather than “high but risky growth.”
If the overall market tanks suddenly, AAPL will go along for the ride down and probably go down a greater percentage. If the overall market is stagnant, AAPL will do OK. If the overall market improves, AAPL will do well and go up a greater percentage.
All of you who are overly enthusiastic need to calm down. AAPL was going for new highs at $200 when the financial crisis hit and it dropped to under $80 over the course of 2008. The current situation in Europe is not any better. Thankfully, there aren’t any Steve Jobs health rumors to make it a “perfect storm” this time.
Can you just imagine where this is going to go when (not if) the majority of the world finally f*cking gets it? This is going to make the hula-hoop … aw, never mind.
Nuff said, it’s Friday.
And what will it be when Steve Jobs shows of the new AppleTV with Apple’s Billion Dollar Server Farm during his “Just one more thing”? At $99.00 and I assume a service fee or add on to the .mac / .me accounts for a DVR in the clouds that your iPad, iPhone, iPod, your HDTV and computer can watch on demand? Will it be $350 or $400?
What about the next $99 OS X based device. Apple can push out devices for new categories faster than Congress can tax and cry about them!
After today, AAPL is up about 8 Billion over MSFT
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So much for the back and forth
<<ken1w
If the overall market tanks suddenly, AAPL will go along for the ride down and probably go down a greater percentage. If the overall market is stagnant, AAPL will do OK. If the overall market improves, AAPL will do well and go up a greater percentage.
All of you who are overly enthusiastic need to calm down. AAPL was going for new highs at $200 when the financial crisis hit and it dropped to under $80 over the course of 2008. The current situation in Europe is not any better. Thankfully, there aren’t any Steve Jobs health rumors to make it a “perfect storm” this time.>>
It’s always good to be thoughtful and careful.
What you are describing is a beta above 1.0.
When Apple hit $200 back around Xmas of 07, people had no clue about Apple’s deferred revenues. That in combination with some stupid analyst recommendations about Apple being a luxury good and how people would stop buying Macs, hit Apple overly hard. Those shareholders were overeager sellers. While the situation in Europe is not any better, I think investors are a little better schooled on Apple’s ability to weather macroeconomic storms.
Apple will become the biggest company in the US within a few years. iCal this.
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