MacDailyNews - Where Mac news comes first

 MacDailyNews Poll

5 Day Most Commented

Opinion Archive

Current Headlines

Latest Joy of Tech

  • Latest Joy of Tech!

MacNN

AppleInsider

Macworld UK

TUAW

MacRumors

Yahoo! Finance AAPL

iTunes Top 10 Albums

Mac OS X Downloads

Thu, Jan 08, 2009 - 08:31 AM EST  —  AAPL: 91.01 (-2.01, -2.16%)  |  NASDAQ: 1599.06 (-53.32, -3.23%)

Needham upgrades Apple from ‘Buy’ to ‘Strong Buy’
Wednesday, January 23, 2008 - 04:22 PM EST

Needham & Co analyst Charlie Wolf has upgraded Apple (AAPL) from "Buy" to "Strong Buy" with a price target of $235.

Wolf wrote in a research note to clients today that the Apple upgrade is based “chiefly on the prospect that the current migration of Windows users to the Mac platform is likely to accelerate over the next several years."


  • Social Web
  • E-mail






Always -- Free ground shipping with orders over $50 at the Apple Store.

Reader Feedback: ( = registered)

Jan 23, 08 - 04:26 pm Comment from: Dan The Man

If you timed it right today you could have made about $14 per share. Anybody do that?

Jan 23, 08 - 04:27 pm Comment from: doc

Wolf is right.

Key Phrase: "next several years".

Jan 23, 08 - 04:27 pm Comment from: Timbo

Heeding Charlie Wolf's advice, I just bought a new MBPro today! Woo!

Doing my part to defy this crazy recession talk,
Timbo

Jan 23, 08 - 04:37 pm Comment from: HolyMackerel

"current migration of Windows users to the Mac platform"

Come on over all you Windows fence-sitters. The next version of Windows is still 2 years away at the earliest. That's one full PC lifecycle to try out a new Mac. Plus another new MacOS X version full of goodness is likely in that time.

Jan 23, 08 - 04:37 pm Comment from: Ampar

Congratulations, Timbo! I may have to sell my 2006 MBP and get a newer one.

Jan 23, 08 - 04:41 pm Comment from: Synthmeister

Yes we know that the unit sales of iPods have slacked off—even though the profitability has continued to grow! But you have four other businesses which are going gangbusters:

1. iPhone is still at the beginning of a worldwide rollout and upgrades and new models will certainly be forthcoming in the next 6 months. Tell me this, is there anyone who is not adapting their business software for the iPhone? (Besides MS, that is.)

2. iPhone/iPod Touch/SDK is going to open a whole new world of revenue to Apple as the software will be sold through the iTunes store.

3. Macs are simply busting out everywhere.

4. Apple retail and Best Buy partnerships are busting out everywhere.

5. The iTunes video store/AppleTV combo is now poised to bring in some serious money.

This is absolutely the last time Apple stock will go below $160. wink

Jan 23, 08 - 04:48 pm Comment from: en

See,!!!!!

3.......2.......1.........Engines Start. ....

As the houses like up to say that Apple will climb quickly, their very saying it will make it happen.


Apple Stock lifting off the pad and ROCKETING to new heights.

Hold on to your hats. grin

en

MDN = drive as in Apple stock is powered by a Hyper drive!!

Jan 23, 08 - 04:49 pm Comment from: iWill

I had a dream last night that a couple of bulls had been slaughtered on the street, but just down the road, a new calf was being born. Strange yet prescient?

Jan 23, 08 - 04:50 pm Comment from: Not That Steve

Hope the positivity continues. Bought my girl a Nano to help the cause. smile

Jan 23, 08 - 04:55 pm Comment from: Ampar

iWill: No, it just means that you need to cut back on wolfing down those 24 oz. rare Prime Porterhouse steaks just before bed.

Jan 23, 08 - 05:00 pm Comment from: iWill

Ampar: indeed! Either that or don't look at after hours stocks.

Jan 23, 08 - 05:10 pm Comment from: Ogre

I couldn't time it perfectly (who ever can?) but caught it at 131 for a few shares. $8/share. Anyone else?

Jan 23, 08 - 05:54 pm Comment from: ChrissyOne

Needham? He damn near killed 'em!

Jan 24, 08 - 09:03 am Comment from: The Tuesday Night Tech Show

Buy that stock people! Bring back Gil Ameilo! Long live Ellen Hancock!

Jan 24, 08 - 11:44 am Comment from: Ampar

Dewey Needham?

Reader feedback page 1 of 1 pages:

Always -- Free ground shipping with orders over $50 at the Apple Store.

Add Your Feedback:

Register or Login

Name:

Email: (optional)

Emoticons | Allowed HTML Tags

Remember my info   Notify me of follow-up comments?

Please enter the "MDN Magic Word" you see in the image below: