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.]
I hope whatever he’s got is catching on with the other analysts.
I hope whatever he’s got is catching on with the other analysts.
_Bill_ ups price target to elevendy or even forfty!
_Bill_ ups price target to elevendy or even forfty!
Apple shares have already hit a new all-time, intraday high, today, Friday, at;
$ 307.45.
And the day’s not over yet …
Apple shares have already hit a new all-time, intraday high, today, Friday, at;
$ 307.45.
And the day’s not over yet …
He’s just getting ahead of the herd.
He’s just getting ahead of the herd.
He forgot to mention that Ballmer is still at MS. That should add at least $100 to Apples stock price. Monkey Boy you are my Money Boy.
He forgot to mention that Ballmer is still at MS. That should add at least $100 to Apples stock price. Monkey Boy you are my Money Boy.
@ NHL
And on Options day, no less.
@ NHL
And on Options day, no less.
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.
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.
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.
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.
How high do you want to go?…
-“6”
-“8”
-“No – 10”
-Aw, come on guys – ten steaks each?”
-“Do we look like comedians?”
-“What do you call a man who sticks his ding-a-ling in a melon?”
-“Christopher”
-“See”
Comic Strip Presents…
A Fistful of Travellers Cheques.
LOL!
How high do you want to go?…
-“6”
-“8”
-“No – 10”
-Aw, come on guys – ten steaks each?”
-“Do we look like comedians?”
-“What do you call a man who sticks his ding-a-ling in a melon?”
-“Christopher”
-“See”
Comic Strip Presents…
A Fistful of Travellers Cheques.
LOL!
Are there any valid reasons why Apple’s stock shouldn’t be as valuable as Google’s?
Are there any valid reasons why Apple’s stock shouldn’t be as valuable as Google’s?
“Are there any valid reasons why Apple’s stock shouldn’t be as valuable as Google’s?”
Not many, considering AAPL is worth some $93,000,000,000 more than Google – at the time of writing.
“Are there any valid reasons why Apple’s stock shouldn’t be as valuable as Google’s?”
Not many, considering AAPL is worth some $93,000,000,000 more than Google – at the time of writing.
Puh-leeze, this analysts are just throwing out any old number without even understanding what those numbers mean. It’s highly unlikely that Apple will go to $500 per share.
Here, I can act like an analyst too:
AAPL is going to $600!
AAPL is going to $700!
AAPL is going to $1,000,000!
See? I’m an analyst too.
Puh-leeze, this analysts are just throwing out any old number without even understanding what those numbers mean. It’s highly unlikely that Apple will go to $500 per share.
Here, I can act like an analyst too:
AAPL is going to $600!
AAPL is going to $700!
AAPL is going to $1,000,000!
See? I’m an analyst too.
“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.”
One little thing he forgot to mention: 40% share of industry profits.