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...

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 »

AAPL to grow due to Macs, not iPhone, iPod?

Apple's Macintosh computers will play a bigger role in the company's growth than the iPhone and iPod, according to industry analysts. CNN Money reports that BMO Capital Markets analyst Keith Bachman today cut Apple's stock target from $160 to $140 per share. Bachman says that the iPhone's growth is slowing and he remains skeptical on Apple's target...]]>

Yet somehow you just know Apple’s stock is going to tank…

Well, Apple just posted record profits once again, and you know what that means - Apple’s stock will tank tomorrow for no reason. As an Apple stockholder, I have noticed that nothing brings down Apple’s stock faster than good news. Oh well, see if you can see anything here for Wall Street to bitch about… Apple [...]SHARETHIS.addEntry({ title: "Yet somehow you just know Apple’s stock is going to tank…", url: "http://macenstein.com/default/archives/1305" });

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

AAPL downgrade reversed, marketcap grows to 4x Dell's

American Technology Research analyst Shaw Wu has reversed a prior downgrade on share's of Apple Inc, changing his rating on the stock to from Neutral to Buy. Wu's downgrade came right before Apple's blowout March quarter, in which the company announced record revenues on surging Mac sales. Barrons quotes Wu: "We overestimated the potential negative...