BMO 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.]
Overly conservative. In FY 2009 iPhone sales will exceed 25 million.
when exactly did these analysts do this? this morning? when they saw ATT’s iPhone “black” popup menu? if so, these analysis are reeeeealy smart…
marcos,
I agree!
Take that Mr. Wu.
Shaw Wu is an idiot. He cut AAPL to a hold just before they last announced earnings and 13 days later, they raised it back to a buy. He doesn’t know what he’s doing.
I’d bet that AAPL closes at over $200.00 by the end of the month.
Any takers for a c-note.
@pastrychef:
He probably did that to get the stock price to drop before buying more…
Can’t wait to see AAPL finally break that 52-wk high!
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