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...

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" });

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 »

Apple 2Q profit, sales beat Wall Street, but stock wobbles on guidance below estimates

Apple Inc.'s fiscal second-quarter profit jumped 36 percent on blistering sales of Macintosh computers — and beat Wall Street estimates — but its stock dipped on a lower-than-expected profit forecast.

Apple 2Q profit jumps 36 percent, but stock wobbles (AP)

AP - Apple Inc.'s fiscal second-quarter profit jumped 36 percent on blistering sales of Macintosh computers — and beat Wall Street estimates — but its stock dipped on a lower-than-expected profit forecast.

Apple 2Q Profit Jumps 36 Percent, But Stock Wobbles

Apple Inc.'s fiscal second-quarter profit jumped 36 percent on blistering sales of Macintosh computers, but its stock tumbled on the company's forecast of earnings below what had been expected.