CLSA ups Apple price target to $400

The Return of Black Friday Blowout “Analysts at brokerage and investment firm CLSA joined Apple’s $400-price-target club Friday, upgrading their price target on the shares to $400 from their previous $365,” Matt Phillips reports for The Wall Street Journal.

Our recent survey of 1,039 US consumers and supply chain checks suggests our iPhone unit estimates are too low, especially when we consider the likely early-2011 launch of iPhone at Verizon in our forecasts for the first time. We also have increased confidence in our iPad forecasts…

Phillips reports, “According to Thomson Reuters the median target price for Apple shares is currently at $372.50.”

Read more in the full article here.

[Thanks to MacDailyNews Readers “Fred Mertz” and “James W.” for the heads up.]

10 Comments

  1. It may just be me, but Apple’s stock will go past that speed bump of $400 as it grows over the next few years. Is it assumed we are talking about in the next year?

    You all know that a year ago, AAPL was less that $200 and is up more than 60%. Even 50% would be $480. $400 is 25% higher. That is called playing it safe. Very safe.

    Try $500 by next year!!! Man up kids and make a real prediction.

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