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Apple shares break $300 barrier
Apple shares today, for the first time in history, broke the $300 barrier. Since August, Apple shares have risen by 25%, with some analysts holding a price target for Apple’s stock at levels as high as $400.
Continue reading...Goldman Sachs takes Microsoft off of their “buy list”, lowers stock target down to $28
6. October 2010
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With Windows Phone 7 devices set to hit the market in just a short while, it’s do or die time for Microsoft and their efforts to re-establish a foothold in a smartphone market where they now find themselves on the outside looking in. But even so, Microsoft’s revenues and profits continue to grow. Apparently, though, […]
Continue reading...Analyst puts $430 price target on Apple shares; cites promising iPhone and iPad growth
5. October 2010
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Over the past few days, Apple’s share price has steadily retreated from the brink of $300. At the close of trading on Monday, Apple shares were trading at $278.64 (though today it’s up 8 points). This fluctuation is of course part of the natural ebb and flow of the stock market, but in the grand […]
Continue reading...Analyst ups Apple stock target to $360 citing lack of viable iPad competitor
30. September 2010
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Philip Elmer-DeWitt reports on a research note from analyst Doug Reid of Stiefl Nicolaus who recently upped his stock target for Apple shares to $360 citing strong iPad demand. Reid sharply increased his estimate for iPad unit sales in Apple’s fourth fiscal quarter to 5.4 million from 3.6 million, citing “robust demand” in the U.S. […]
Continue reading...As Apple gobbles up industry profits with the iPhone, analyst anticipates AAPL shares to reach $356
22. September 2010
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Fortune reports that Canaccord Genuity recently initiated its coverage of Apple with a “buy” rating and an impressively high stock target of $356. Driving the companies bullish outlook on Apple, analyst T. Michael Walkley explains that it’s not just Apple’s innovative products that are at work here, but the company’s ability to churn out immense […]
Continue reading...Analyst ups Apple stock target to $374 as Apple shares hit new intraday high
20. September 2010
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Citing even stronger than anticipated demand for the iPad, Kaufman Bros. analyst Shaw Wu raised his stock target for Apple shares to $374, up from a previous target of $350. In a research note to clients, and summarized by Philip Elmer-DeWitt over at CNN, Wu highlighted the following reasons behind his bullish position. Strong demand […]
Continue reading...Apple stock closes at all-time high of 276.57
16. September 2010
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Apple stock today closed at $276.57 a share, marking an all-time closing high for the stock. Related: Analyst anticipates AAPL shares might hit $400 by early 2011 via 9to5Mac
Continue reading...Cost of running iTunes estimated at $75 million/month
12. September 2010
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Apple has for sometime stated that it doesn’t generate significant profits from the iTunes Store and that it is, for all practical purposes, a break even venture. That notwithstanding, the addition of apps into iTunes has led to an enormous increase in the total number and bandwidth of downloads from iTunes. So while Apple may […]
Continue reading...Is Apple stock cheap at the moment?
31. August 2010
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With Apple’s stock price currently hovering under $245, Chad Brand of Seeking Alpha lays forth the argument that the stock is actually undervalued at the moment. Despite my roots as a value manager, in recent weeks I have been a fairly aggressive buyer of Apple shares. Such an investment may not seem appropriate for a […]
Continue reading...Apple’s enormous stockpile of cash – much ado about nothing
16. August 2010
You know that scene from the opening of Duck Tales where Scrooge McDuck dives into a big ole’ pool filled to the brim with money and gold coins? Well, with over $46 billion in assorted securities to Apple’s name, you could easily build such a pool on Apple’s campus, fill it with money, and still have […]
Continue reading...Independent analyst anticipates Apple share price to hit $400 by early 2011
12. August 2010
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When it comes to predicting Apple’s quarterly financial reports, resourceful Apple finance guru Andy Zaky consistently bests everybody on Wall Street. In a recent piece contributed to CNN, Zaky writes that Apple’s stock valuation may very well hit $400 a share by early 2012 at the latest. If there is one thing that readers should […]
Continue reading...Analyst raises stock target for Apple stock to $375
9. August 2010
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Bullish Apple analyst Charlie Wolf is blown away by Apple’s fundamentals – so much so that he recently upped his stock target on the stock from $280 to $375. Here’s why: Explosive iPad sales.“We forecast that iPad sales would reach 20 million in 2019, the final year in our valuation exercise. iPad sales are already tracking […]
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13. October 2010
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