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Wed, Nov 19, 2008 - 05:30 PM EST  —  AAPL: 86.29 (-3.62, -4.03%)  |  NASDAQ: 1386.42 (-96.85, -6.53%)

Piper Jaffray boosts Apple price target from $205 to $211
Thursday, July 26, 2007 - 05:30 PM EST

Piper Jaffray analyst Gene Munster has reiterated his "Outperform" rating on Apple Inc. (AAPL) after describing Apple's iPhone launch as a "success."

Munster raised his price target on Apple from $205 to $211 per share.

"It is more important that Apple builds the iPhone segment for the long term than for an impressive launch day number." Munster said in a note to clients.


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Jul 26, 07 - 04:44 pm Comment from: AshNazg

Wowzers... $211 has a nice ring to it...

Jul 26, 07 - 04:45 pm Comment from: twodales

215? 215? anyone? going once twice anyone?

Jul 26, 07 - 04:46 pm Comment from: Thomas from Deutschland

What is the point of rising the target from $205 to $211 when we are at $146 now?

Jul 26, 07 - 04:51 pm Comment from: R

It's a projection into the future. A big increase is much better than a predicted decrease.

Jul 26, 07 - 04:52 pm Comment from: ron

Anal yst Paddy O'Furniture raised his target from 5ft to 6ft on the news that William Tell's son had grown a few inches.

MW - seven. Yes, exactly 7''.

Jul 26, 07 - 05:13 pm Comment from: Morgan

What is the point of telling me an analyst's "target price" if you don't tell me the time frame for the target?

Jul 26, 07 - 05:15 pm Comment from: ken1w

These analysts are trying to out-do each other on their predictions for AAPL price target. Kind of getting ridiculous. I'm sure someone will be there shortly to predict $225.

Jul 26, 07 - 05:16 pm Comment from: Georgy Porgy

Soon the 200 club is gonna be crowded.

Jul 26, 07 - 05:30 pm Comment from: HAB

Price targets are usually 12-18 months out. Why are you even looking at what analysts say if you don't know what their price targets mean?

Jul 26, 07 - 05:42 pm Comment from: @ HAB

Who said he is "looking at what analysts say"?

He, like many of us, read this bull crap on MDN to maybe become more educated. We don't use MDN analyst blurbs as our brokerage advice.

There is nothing wrong with asking a question that no one here has yet answered including you HAB.

Really, what the hell does "usually 12 to 18 months" mean anyway? It means almost nothing at all!

Jul 26, 07 - 05:55 pm Comment from: Rick Sterner

Apple Stock: The gift that keeps on giving!

Jul 26, 07 - 06:14 pm Comment from: R

@ @HAB--

HAB is right. It's an estimation to guide thinking. It means a lot if you're looking forward and gauging what your investments may be.

Jul 26, 07 - 06:26 pm Comment from: shen

"He, like many of us, read this bull crap on MDN to maybe become more educated. "

to sum up, it is "crap" but it will educate you.

what were you educated with BEFORE?!?

....and yet some still doubt evolution.

Jul 26, 07 - 08:15 pm Comment from: Bush Tucker Man

Can anyone in Australia tell me where to go to buy some Apple pie please...

Jul 26, 07 - 11:19 pm Comment from: wall street guy

everyone is raising their estimates

but where is that ass from JPMorgan ?

Jul 26, 07 - 11:40 pm Comment from: Peach Picker

Eight months ago Piper Jaffray set a target of only $99 dollars (for this December.) We are so past that now.

Does anybody have the link for their 52-week target from last July? I wish the link were included in the MDN related articles feed.

Jul 26, 07 - 11:56 pm Comment from: jarrettnewsdaily

yeah, you guessed it, i am going to give a stupidity alert here. You want these Analyst's to give a good outlook into the future of stocks, especially if you own the stocks.
This is what you look for: The low end (Bank of America) and then the high end (Munster and crew, and some certain swiss outfits) then if AAPL (or whatever company) falls within the numbers at around 35-45 (using 100 as a sample) then you want to buy. If AAPL (or whatever company) falls in at 75-85 (again, using 100 as a sample) then you want to sell. That is how easy the stock market is to play. Now be prepared to only make about 10% on your money, and unless you have time to follow your stocks all day ( I don't) you might find it hard to make that.

That being what it may, I like making 7-8% on my money, instead of trying to play the market for big gains at one time. Anal-systs are great if you use their information.

Jul 27, 07 - 12:10 am Comment from: jarrettnewsdaily

At 7:00 EST, someone traded ( bought or sold ) 32,015 shares of apple http://www.nasdaq.com , type in AAPL and click on After hours quotes, page 2.

amazing.

Jul 27, 07 - 12:14 am Comment from: Searcher

Peach Picker,

Does anybody have the link for their 52-week target from last July? I wish the link were included in the MDN related articles feed.

Scroll down to the bottom of this (or any) page, type in "Piper" and hit return.

Jul 27, 07 - 12:49 am Comment from: gm

Who loves Gene Munster...
raise your hands!!!!!!

Jul 27, 07 - 01:09 am Comment from: gm again

Also... buy into AT&T;while it's cheap. Some big time numbers coming there, too.
You can thank me later.
bye for now.

Jul 27, 07 - 02:13 am Comment from: Macaday

Gene Munster of Piper Jaffray has led all the others by a mile.

I think MDN should have an article dedicated to their predictions and successes in forcasting AAPL over the last two years..

Their scorecard should be pretty hot and I wouldn't bet against $211 either.

As I said elsewhere, forget iPhone, forget iPod, forget AppleTV even, the really BIG story is the resurgence of the Apple Mac.

Ot has the potential alone to to take AAPL stratospheric because all the big IT influencers have largely switched already and the following surge is on the way. No doubt.

Windows is stuck in the 90's, let's face it guys!

Jul 27, 07 - 03:49 am Comment from: me

My feelings .

I don't like Australia
I am from NZ.
I Love USA,
If I die It needs to be Said
Rest of world is disgusting. USA is awesome.

Jul 27, 07 - 03:53 am Comment from: 1

Thanks to the English for not liking them I am happy.

Jul 27, 07 - 05:04 am Comment from: Anthony

Hard Cold facts
Macs:

1. Unix is not a great way to base a Desktop PC,
2. Apple does not make much margin
3. Apple retail will not work long term
4. Steve is to cool
5. Apple need to come to NZ
6. OS X will be on a PC soon
7. English do not Like macs
8. OS 9.0 was better in small tasks.
9. Boeing beats Airbus, who are going to be bankrupt soon.
10. I am bored and have no Girlfriend and earn 40,000
11. If Clinton or Obama become president - will be scarry
12. Apple cannot keep up demand ,.
13. China murder people daily and we should not be trading with so easily
15. Internet will become paid
16. No life exists in Mars etc
17. Area 51 etc unfortunately are boring and have no aliens
18. Einstein was bored also
20. Gay Unions will come to USA.
21. Hiphop Music is bad for you, I think
22. Not all good ideas are the ones which become default
23. Australia media hurts with Patronization.
24. Starbucks Make Good coffee.
25. Golf is Boring
26. America has to many Guns around,
28. Ford make respectable cars
30. Fox and News is cool David Letterman, is cool
31. Why do people like gold so much?
33. sometime many smart people do not get recognised
34. Should I buy Chinese products when people are hurt making them?

35. Do women like guys which hurt them?

Jul 27, 07 - 05:28 am Comment from: me

To Explain retail :

Apple sales need to be allowed for other shops and they need to allow more people to change the Margin when the sele them .

Retail is quite Powerful and Apple needs many stores to sell and perform for them .

Apple will not like it but they may need to.

Jul 27, 07 - 06:07 am Comment from: Too Hot!

Has anybody noticed how many MDN posts were dedicated to AAPL?

Jul 27, 07 - 07:29 am Comment from: Mort

OK is this sight about the MAC or Apple's fucking stock price?
Give it rest MDN.

Jul 27, 07 - 11:45 am Comment from: KingMel

Analysts are reactive, as demonstrated by the groupthink raising or lowering of stock price estimates or buy/sell/hold recommendations. It is like watching a bunch of lemmings. I love seeing a stock drop a bunch, and then watching the analyst lemmings suddenly change their former buy recommendations to a hold or sell. If the stock was a buy at a higher price, then why isn't it a strong buy at a substantially lower price? In many cases, these are simply price momentum recommendations and are not based on any new "knowledge" about the company or its products/services.

The fact is that many of the MDN regulars are more informed about important aspects and long-term implications of Apple products than are the analysts. If these analysts were so good at predicting the future, then they would be very wealthy and powerful. Draw your own conclusions.

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