“Morgan Stanley analyst Rebecca Runkle raised her stock price target for Apple Computer to $110 from $90, and reiterated her overweight rating, as new products add to revenue growth and Mac market share increases,” Tomi Kilgore reports for MarketWatch.
“‘Near term, the introduction of new products and less exposure to any disruption from Microsoft’s Vista OS launch could help reduce seasonal risk for Apple shares,’ Runkle said. In the intermediate term, Runkle said ‘an expanding product portfolio, growing distribution engine and market share opportunities’ support her rating and higher price target,” Kilgore reports.
Full article here.
Related articles:
Caris & Co. initiates Apple Computer coverage with target price of $100 – December 07, 2006
Prudential raises Apple Computer target price to $87 – December 07, 2006
Am Tech/JSA Research reiterates ‘Buy’ on Apple Computer, raises price target to $99 – December 04, 2006
Needham ups Apple target to $115, forecasts Macs capturing 8.3% worldwide market share by 2016 – November 30, 2006
Jim Cramer: Apple Computer is the ‘buy of the century’ – November 29, 2006
Bear Stearns raises Apple price target to $100 – November 29, 2006
S&P reiterates ‘Buy’ on Apple Computer, raises price target to $110 – November 29, 2006
Apple shares rise to record as Mac, iPod sales surge – November 28, 2006
UBS ups Apple Computer target price to $108 – November 28, 2006
ThinkEquity reiterates ‘buy’ rating, raises Apple price target to $110 – November 27, 2006
Analyst sees strong sales of Apple iPods over three-day kick-off to holiday shopping season – November 26, 2006
Apple Computer shares hit new all-time high for fourth straight day – November 24, 2006
Banc of America raises Apple Computer price target, reiterates ‘buy’ rating – November 24, 2006
Apple shares continue upward surge; hit new all-time highs in morning trading – November 24, 2006
Apple Computer shares crack $90, hit new all-time high for third straight day – November 22, 2006
Apple shares hit another new all-time high – November 21, 2006
Expert: ‘Apple will be a triple-digit stock in a matter of months’ – November 21, 2006
Apple shares hit new all-time high – November 20, 2006
Apple’s Mac market share surges, up 35-percent year-over-year as growth accelerates – November 01, 2006
Analyst: Apple has ‘real shot at dramatically expanding Macintosh market share’ – October 31, 2006
Analyst: Apple Mac gains market share, the reason why is significant – October 26, 2006
IDC: Apple Mac attained 5.8% of U.S. market share in Q3 06 – October 18, 2006
Gartner: Apple Mac grabbed 6.1% of U.S. market share in Q3 06 – October 18, 2006
Apple Q4 earnings results: $546M net profit on $4.84B revenue, sold 1.61M Macs, 8.729M iPods – October 18, 2006
Gartner: Apple Mac grabbed 4.6% U.S. market share in Q2 06 – July 19, 2006
IDC: Apple Mac attained 4.8% U.S. market share in Q2 06 – July 19, 2006
OSX is the long term backbone of aapl growth. Not itunes, ipods, etc. The world needs OXS. That’s it folks.
The development of OSX must be the best money Apple ever spent, they have this solid core they can build on and improve for probably years to come. As well as just being a downright great product, it’s got to be way cheaper than continually reinventing the wheel like microsoft try to do with windows. Of course, in the case of Microsoft, they spend billions trying to build something new only to realise they’ve just rebuilt what they already had.
The best thing to happen to personal computers was Steve Jobs, i.e., Next Computer, i.e., OSX.
OSX is The Bedrock.
It will take time for the malware and crap to expose Vista to the world, and when that happens, the weight will ease over to Apple and the scales will tilt in a dramatic fashion. Apple will be 15%, 30% and then 50% and then MS will go down, their last actions being desparate and even more evil than we can imagine.
Dion:
,,, MS will go down, their last actions being desparate and even more evil than we can imagine.
I’m afraid your prophesy will prove to be too true.
Run for the hills!
Quite agree with you Dion..
Whew, Dion’s prophecy reaches epic, dare I say biblical proportions. I hope it will prove true, although I could do without those evil actions by MS.
I feel moronic. Wasn’t trying to be an impostor, just had a brainfart. The post @ 10:18 was made by me.
$20 increase?
Hmnn.
By the time MS has lost 30% of their marketshare, they’re in a mudslide (it’s really hard to stop a mudslide, an avalanche can be stopped by breaking it).
Steve Jobs and pals were able to stop an avalanche that was burying Apple. Microsoft has Gates (who is one biggest anchors and he’s [finally] leaving the ship), Allchin (who’s leaving the ship too and would rather use a Mac?), J (who is no Jonathan, when it comes to design) and Ballmer (do I need to describe?). With team like that they’re screwed.
Their avalanche may turn into a mudslide really fast and if that happens, I really don’t think that people care (except the armies of tech support).