AAPL recovering after initial WWDC nosedive

In heavy trading volume today, Apple stock (AAPL) is down four percent after initially dropping to 176.23 halfway through the keynote at 1:55 p.m. Eastern time. At the time of posting, AAPL was trading near 177, which is a decline of over four percent since the closing bell yesterday. Apple stock has taken hits in the past on announcement days, usually due to traders looking to make a quick buck from the high interest surrounding coverage of the event. An update, after the jump.Continue reading AAPL recovering after initial WWDC nosediveRead | Permalink | Email this | Comments

Pacific Crest ups AAPL targets

Section: Apple, Apple News, iPhone + Communications, iPhone Andy Hargreaves, an Analyst from Pacific Crest, has high hopes for AAPL. This morning, he raised his estimate for AAPL $10, from $225 to $235. Also of note was his AAPL EPS estimate for Fiscal September ‘09, which he brought up to $6.55 from $6.20.  With many analysts and firms upping the estimates and predictions, Apple has some big expectations to fulfill. Most of these recent increases have been attributed the the iPhone 3G. Many groups (including Pac Crest) predict iPhone sales in huge excess of Apple’s goals, reaching as high as 500,000 units sold by the end of the week. Though AAPL has been hurting in the last few days (down more than a dollar in the last day alone), you can expect very sizable jumps come July 11th.  iPhones will be flying off the shelves, so now the question is whether Apple can keep up with demand. Hargreaves himself says he does not wish to increase his units sold prediction and stands firmly by his original prediction of 15.5 million by the end of 2008 (despite many predictions being significantly higher). Via [Barron’s] Full Story » | Written by Mark Rowland for Appletell. | Comment on this Article »

AmTech downgrades Apple stock rating

American Technology Research is downgrading its rating of Apple's stock from "buy" to "neutral," according to firm analyst Shaw Wu. Wu notes that while Apple may well beat consensus estimates and its own guidance, there are several mitigating factors. Apple's stock has rebounded some 45 percent in weeks, which may be creating unrealistic expectat...

Analyst raises AAPL target to $195 on Mac growth

Research firm Thomas Weisel Partners (TWP) on Monday upgraded Apple stock and set a target price of near its previous trading high, noting that the current price severely discounts the long-term growth potential and that any risk for a near-term earnings shortfall has faded. While most analysts have focused on the impending launch of Apple's "3G iP...

AAPL Stock only $10/share, Analysts say to avoid

Section: Apple, Apple NewsToday, AAPL stock dropped below $10 a share and even though the price seems good, analysts are asking you to step back and spend your money elsewhere. Even with the recent launch of Apple’s (destined to fail) iPod, everyone is still advising you to hold onto your money. A major release bringing a drop in stock prices is pretty bad, and from the looks of Apple’s new product lineup, you shouldn’t expect the stock to do anything for the next few years - if the company is still around. The industry seems to be investing more and more into the Microsoft company, who is said to be working on a product much better than anything Apple could put out at this current time, dubbed Windows XP. This software is said to be so revolutionary that it will include both a Notepad, Calculator, and the popular game Minesweeper. Full Story » | Written by Michael Yurechko for Appletell. | Comment on this Article »

Oppenheimer: Apple stock rated at 'outperform'

Apple stock is projected to do extremely well, says Oppenheimer Funds' Yair Reiner. The analyst says he is giving the AAPL listing an "outperform" rating, and a target price of $235, higher than that of several other research firms. This is based largely on predicted sales of the iPhone, which Reiner anticipates will amount to 14 million in 2008,...