New iPhone 5 sparks praise, higher target prices for Apple shares

“Apple Inc.’s new slimmed-down iPhone is getting an upbeat reception from Wall Street analysts, who on Thursday raised share-price targets on the company,” Matt Jarzemsky reports for The Wall Street Journal.

“The upbeat reception, which was helped by the company’s plans for quickly getting the new iPhone in customers’ hands, indicates analysts expect further increases in the stock price of the world’s largest company by market capitalization,” Jarzemsky reports. “‘The iPhone 5 launch exceeded our expectations on the specs and the pace of the rollout fronts, and we think there could be further upside to our estimates,’ J.P. Morgan analyst Mark Moskowitz wrote in a note to clients Thursday.”

Jarzemsky reports, “Mr. Moskowitz reiterated his ‘overweight’ rating on the shares—similar to a recommendation to buy them—and his price target of $770. Some analysts at other firms raised their share-price estimates, with Deutsche Bank boosting its projection to $775 from $650 and Barclays increasing its target to $810 from $750. Shares of Apple hit an all-time closing high of $682.98 Thursday, and are up 66% so far this year, more than four times the gains in the Standard & Poor’s 500-stock index.”

Read more in the full article here.

Related articles:
Apple shares hit new all-time intraday and closing highs – September 13, 2012
iPhone 5 pre-orders start at 12:01am PDT, Friday, September 14 – September 13, 2012
Analysts praise Apple’s iPhone 5: ‘The consumer is going to be blown away’ – September 13, 2012
PC Magazine hands on with Apple iPhone 5: ‘Everything’s better’ – September 13, 2012
Five reasons to buy Apple’s iPhone 5 – September 13, 2012
iPhone 5 strengthens Apple��s hold on users; analyst: ‘Apple will sell a boatload’ – September 13, 2012
All-new iPhone 5 boosts forecasts for Apple smartphone sales; may double iPhone 4S first week sales – September 13, 2012
iPhone 5 proves Apple is still innovating in the post-Steve Jobs era – September 12, 2012
Is Apple’s iPhone 5 boring? – September 12, 2012
Apple introduces iPhone 5 – September 12, 2012


  1. I intend to buy two iPhone 5s, a new iMac, and an iPad Mini as soon as they’re released. A fellow AAPL investor stopped me in the supermarket yesterday, and said he’s buying an iPhone 5 and a new iMac as soon as he can.


    1. The numbers you give do seem reasonable considering the current rate of Apple’s climb. But at that rate Amazon will definitely beat Apple to $1000 by at least a year earlier, so you might want to change your investment.

Reader Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.