AmTech, BMO Capital up Apple price targets
Monday, May 12, 2008 - 11:29 AM EDTBMO Capital Markets analyst Keith Bachman this morning raised his price target on Apple Inc. (AAPL) to $205 per share from $180 on expectations of greater iPhone sales.
In addition, American Technology Research has raised their AAPL price target to $220 from $210 on new carrier agreements and estimate that AAPL's wireless subscriber
opportunity will more than triple to approximately 470 mln from around 150 mln today.
AmTech has raised their forecast for iPhone shipments to 11 million in CY08 and 17 million in CY09 (from 7 mln and 10 mln respectively).
[Thanks to MacDailyNews Reader "Mike in Helsinki" for the heads up.]
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• iPod touch. The funnest iPod ever. Starting at $229. Free Shipping.
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• The all-in-one iMac. Now at speeds up to 3.06GHz. Free shipping. From $1199.
• The more powerful Macbook Pro. Latest Intel Core 2 Duo, Multi-Touch trackpad, and more. From $1999.
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• Visit the Apple Store today. Free ground shipping on all orders over $50.
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Apple upgraded by AmTech Research from ‘Neutral’ to ‘Buy’ a mere 13 days after ratings cut - May 05, 2008
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Overly conservative. In FY 2009 iPhone sales will exceed 25 million.