Stifel Nicolaus ups Apple price target to $390

“Stifel Nicolaus analyst Doug Reid raised his estimates on Apple… [and] ratcheted up his target price on the shares to $390, from $360,” The Wall Street Journal reports.

WSJ reports, “Barclays Capital’s Ben Reitzes is also at $390. Piper Jaffray’s Gene Munster has a 12-month price target of $431 on Apple. Bernstein’s Toni Sacconaghi is at $375, to name a few…”

Full article here.

[Thanks to MacDailyNews Reader “Judge Bork” for the heads up.]


  1. $375, $390, $431, … are all stationary targets that Apple will blow past in the next year or two. These are not limits!

    Are these targets based on the markets Apple has already taken and is increasing their market share of. What about Steve Jobs next “Just one more thing.” What will it be as the Mac takes 1/3 of the world PC market? What if the Apple iOS device was in 75% of all the cars manufactured? What if 1/2 of the students used an iPad not text books? Have they figured out what Apple is doing with their new BILLION DOLLAR SERVER FARM?

    What is the real target in 1 or 2 years?

  2. Another upgrade and still Apple share price hasn’t moved very much on the news. Just exactly how much downward pressure is on Apple share price when running about 20% below analyst’s median target price? It has to be somewhat unusual for a company whose retail sales are doing extremely well.

  3. We know from the way Wall Street has acted, especially in the past few years, they are good at pulling things out of thin air.

    When it comes to predicting Apple’s sales and earnings, the amateurs are almost always closer than the so-called “professionals.”

    This is the “color” I’m adding to the discussion.

  4. Yet another significant estimate and target raise by a major stock brokerage firm with no effect on AAPL price, whereas a 2 – 5% jump in share price guaranteed if an Apple competitor receives a similar raise.

    AAPL should be at least $350 by now with a forward PE of 15, PEG .80, and growth of top and bottom line above 60%. AAPL is severely undervalued.

  5. Wow, hire this Doug Reid guy! He’s a real prodigy in the financial world with that off-the-hook prediction!
    Fugg. These guys should all rot in hell – with no paycheck.

  6. When I was buying AAPL in the single digits (split adjusted), Stifel hated the company. These broker analysts are generally more profitable as contrary indicators, but I do think Apple has more room to run from here.

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