Hudson Square ups Apple price target to $500

This morning, Hudson Square Research analyst Daniel Ernst “raised his price target for Apple (AAPL) to $500, from $300, while repeating his Buy rating,” Eric Savitz reports for Barron’s. “That’s the highest target for the stock among Street analysts tracked by Thomson First Call.”

Savitz reports, “‘With the launch of the iPhone, the App Store, the iPad, and the relaunch of Apple TV, we estimate Apple’s total addressable market for hardware, content, and services expanded from roughly $400 billion to $1.5 trillion,’ he writes in a research note this morning. ‘Apple’s Mac share has doubled over the last five years and we believe could double again. In a little over 3 years Apple has captured less than 3% of the mobile phone market by units, but by revenue Apple holds a ~14% share. The iPad is off to a strong start, and the product greatly expands Apple’s addressable market for content distribution. While the new Apple TV and iAd are still in the very early stages, we believe the opportunity is very strong.'”

Read more in the full article here.

MacDailyNews Take: Don’t forget the new iPod, especially the iPod touch. Poor iPod touch; people always forget about you, even as you sell in the millions per quarter, but we always remember and love ya!

[Thanks to MacDailyNews Reader “Arline M.” for the heads up.]

38 Comments

  1. Let’s see… if a guy had 2500 shares, and the stock price was $471, and he sold it all, and paid 15% in long term capital gains, he’d have $1,000,875 left. About right to retire on.

  2. Let’s see… if a guy had 2500 shares, and the stock price was $471, and he sold it all, and paid 15% in long term capital gains, he’d have $1,000,875 left. About right to retire on.

  3. Just got my AppleTV. It’s pretty slick. Beaming video from an iTunes Home server works very well. The integration with the iPhone remote app is also very intuitive.

    For $99 this could be a very powerful trojan horse and kick start Apples video store. This could be the 5th cylinder on Apple’s machine. We have Macs, iPhone, iPod, iPad and now the AppleTV. Even the iPod is doing okay after 8 years. The numbers are holding but the mix is going toward the touch systems.

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