“Robert W. Baird analyst William Power this morning launched coverage of Apple (AAPL) with an Outperform rating and $410 price target,” Eric Savitz reports for Barron’s. “‘Apple has established itself as the unabashed premium provider in the burgeoning smart phone market,” he writes in a research note. “We expect the company to further expand its market position, while also capitalizing on a number of newer growth initiatives, including the iPad, which is opening another huge market. Combined with what we view as an attractive valuation, despite the strong stock move, we are initiating coverage with an Outperform rating.'”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]
I started buying Apple in 2001 & my only regret is not having bought more-earlier. My initial $1,000 or so is worth well over $60k.
I love how analyists give a price target but no date.
‘My initial $1,000 or so is worth well over $60k.’
Not until you sell it!
One usually gets burned when first sip your hot chocolate.
In 2005 and again in 2008 I went without shoes and a haircut to buy all the AAPL I possibly could. And now when it hits $470 I plan to punch out and spend all my time commenting on MDN.
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We (wife and I) started developing educational software for the Mac in 1990, six years of Apple ][ software before that. Over the years, and after several splits, we’ve accumulated 5700 shares of AAPL, average price 12.40. During that time, we’ve been told by every broker, counselor, friend, enemy, associate, neighbor, relative, and stranger we’ve met to SELL THAT STOCK IMMEDIATELY!
APPLE IS DEAD! STEVE JOBS IS DEAD! YOU’RE GOING TO LOSE YOUR BUTT IF YOU HOLD AAPL FOR 20 YEARS! MICROSOFT RULES! GOOGLE RULES! ANDROID RULES! ERIC SCHMIDT IS GOD!
Yeah, well, who’s got the last laugh now? Our original $70,800 investment is now worth $1,811,000 + . . . and our earliest target date for selling is the June quarter, 2011.
I guess you could say that we’re “long” AAPL . . . and, brother, am I glad!
@Uther P.
Thank you for such a touching story. I hope it works for you. Apple is presently about 13% of our portfolio and growing. I wanted more but the other half and the stockbroker wouldn’t go for it when the iPod came out.
I love how analyists give a price target but no date.
Most brokers would say the target date is 12 months out.