Edible Apple

Financial analysts responded with enthusiasm to Apple’s announcements at the WWDC keynote on Monday.

• Kaufman Brothers analyst Shaw Wu upped his 12 month price target for Apple Stock to $176, up from $160
• Ben Reitzes of Barclay’s upped his price target of Apple Stock to $173, up from a previous target of $155
• Staying strong was Needham and Company’s Charlie Wolf, who maintained his relatively high price target of $200
• Robert Chira of Claris & Company raised his price target for the stock to $170, up from a previous target of $150

A slew of other analysts maintained their current price targets.  They include:

• Kathryn Huberty of Morgan Stanley who maintains a price target of $180 for Apple
• Mike Abramsky of RBC maintained a price target of $165 for the stock
• Citigroup analyst Richard Gardner kept his target price for Apple shares at $152
• UBS analyst Maynard UM maintained his $130 price target for Apple
• Yair Reiner of Oppenheimer maintained his price target of $160 for Apple
• And finally, our old friend Gene Munster maintained his $180 price target for Apple

Apple closed out the trading day on Tuesday at $142.72.  In light of Apple’s iPhone announcements, hitting $150 a share seems very do-able in the next few weeks.  Meanwhile, UBS’s $130 target for Apple seems unusually low.  If any readers have any thoughts or insights regarding the direction of Apple’s stock price, please share them below in the comments.

via AppleInsider