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Wed, Jan 07, 2009 - 02:32 PM EST  —  AAPL: 91.11 (-1.91, -2.05%)  |  NASDAQ: 1599.07 (-53.31, -3.23%)

Bernstein analysts hike Apple price estimate 30-percent
Tuesday, October 09, 2007 - 08:48 AM EST

Apple Online Store
"Apple Inc.'s share-price estimate was increased 30 percent by Sanford C. Bernstein analysts, who cited a possible 'upside' to profit estimates as sales of the iPhone boost earnings," Kenneth Wong reports for Bloomberg.

"Analysts led by Toni Sacconaghi, the top-ranked computer analyst according to Institutional Investor magazine, boosted their stock-price estimate to $175 from $135, and their forecast for 2008 cash earnings per share by 3.3 percent to $5. They kept the 'market-perform' rating," Wong reports.

Full article here.

[Thanks to MacDailyNews Reader "Mike in Helsinki" for the heads up.]

MacDailyNews Take: Wild men. One question: Is their $175 AAPL share price estimate a 12-month target... or a 12-day target?

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Reader Feedback: ( = registered)

Oct 09, 07 - 07:58 am Comment from: macboy2010

BUY THIS STOCK!!

Buy Apple Products!!

repeat

Oct 09, 07 - 07:59 am Comment from: wandering joe

Looks like a 12 day trget to me!!

Oct 09, 07 - 08:06 am Comment from: Rog the Dodge

I think it s todays target or at lease its for this week

Oct 09, 07 - 08:13 am Comment from: ChrissyOne

How bold... I mean, we could hit 175 *today*.

Oct 09, 07 - 08:17 am Comment from: Moo

"boosted their stock-price estimate to $175 from $135"

Way to go out on a limb there. Should be at 175 by about lunchtime.

Oct 09, 07 - 08:25 am Comment from: hotinplaya

Stay away from these guys!!

Wildly speculative numbers!!

What are they basing the increase from $135 to $175

Oct 09, 07 - 08:41 am Comment from: Jumbo

More like a 12 HOUR target.

Oct 09, 07 - 08:45 am Comment from: 4-(2-aminoethyl)benzene-1,2-diol

It's 170.29 now. Maybe they meant in a different currency.

Or it's a hair salon/tattoo parlor/brokerage firm?

"Bernstein's. A delicious trim. Bold body art. Stock predictions. No appointments."

Oct 09, 07 - 09:08 am Comment from: en

Don't you just love analysis that tell you how the market will move after its already moved that way??? LOL

Yes, we expect (with a 75% assurance) that Apple shares will hit 165. (er what do you mean they are already at 166??? Well, I guess we were right then, Huh?? )

LOL,
en

Oct 09, 07 - 09:13 am Comment from: artman1033

Wow, way to go out on a limb....This years income per share could be $4.50 - $6.00 per share. Stock price now $169.00

WHAT A BULL....
Toni says stock will hit $175.00 by October 2008.
Toni says cash EPS will be $5.00 by October 2008.


She sure is taking a chance on this insignificant Californiia company.

How could she figure this out?

Hon hai is buying a large interest in a specialty glass company in Taiwan. Hon Hai has 178,000 employees

The ipod touch is almost always out of stock at Amazon, Target, Best Buy.
Aapl's desktops are 5 of the top ten sellers today at Amazon.
Aapl's notebooks are 4 ot the top ten sellers today at Amazon
Aapl's ipods are 8 of the top ten MP3 sellers today at Amazon.

With their agreements with AT&T;, T mobile, and O2, aapl will make more money on the service contract than the carriers will


WHO KNEW?

Oct 09, 07 - 09:34 am Comment from: Wingsy

I think they should all get together and post an estimate of $300/share and leave us alone with their penny ante incremental almost-daily updates.

Oct 09, 07 - 11:44 am Comment from: derelict

So basically, anyone who listened to him missed out on the last 30 bucks, and now he's telling them to miss out on the next 30 bucks

Oct 09, 07 - 01:18 pm Comment from: Demon

I bought at $9.00 - $14.50 and held AAPL through 3 splits. Sold 15% at $155.98 and made 6 figures. Looking for about $200.00 to $250.00 by 8/2008 or a split before July of 2008.

Oct 09, 07 - 02:27 pm Comment from: C8H11NO2

"Apple Inc.'s share-price estimate was increased 30 percent by Sanford C. Bernstein analysts . . ."

But, WWLD (what would Leonard do)?

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