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Sat, Nov 21, 2009 - 09:54 AM EST — AAPL: 199.92 (-0.59, -0.29%) | NASDAQ: 2146.04 (-10.78, -0.5%)

W.R. Hambrecht reiterates ‘Buy” on Apple, ups target price

Wednesday, January 23, 2008 - 04:29 PM EST

W.R. Hambrecht analyst Matthew Kather has reiterated his "Buy" rating on Apple Inc. (AAPL) and raised target price from $203 to $218.

In a note to clients today, Kather advises using Apple current drop in price "to patiently accumulate shares" ahead of new products, including the 3G iPhone expected in May-June 2008.

[Thanks to MacDailyNews Reader "Judge Bork" for the heads up.]

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Jan 23, 08 - 04:51 pm Comment from: Tom

lots of money being made on this churn

Jan 23, 08 - 05:06 pm Comment from: Too Hot!

I'm looking forward to actual Mac related news rather than just the stock news.

Jan 23, 08 - 05:48 pm Comment from: Uh Oh

Whats the point of a 3g phone if AT&T;is going be providing 10000 wifi hotspots? The first iphone is all you will need.

Jan 23, 08 - 10:09 pm Comment from: 84 Mac Guy

After reading about so many whinners bitching about Apple's "expectations" or the drop in Apple share price, I almost fell out of my chair when I read this.

Finally a small stock guy!

Short term, investing in stocks is like gambling. Your odds are no better than Vegas. True investors are always thinking long term.

Apple may go down to $80 in the next six months, but who cares. Fundamentally they are as sound an growth stock as you can get. Buy low (like now) and sit on your ass for a couple years and you will be rewarded.

Jan 24, 08 - 01:50 am Comment from: me

@Uh Oh

"The first iphone is all you will need."

I hope not. Apple need you to constantly upgrade, just like with the iPod.

@84 Mac Guy

How can you tell how tall he is?

Jan 24, 08 - 01:31 pm Comment from: 84 Mac Guy

I really need to proof read my stuff before I hit the send key. I meant to say: Finally a SMART stock guy!

That what happens when you drink too much beer when you are blogging.

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Sat, Nov 21, 2009 - 09:54 AM EST — AAPL: 199.92 (-0.59, -0.29%) | NASDAQ: 2146.04 (-10.78, -0.5%)

W.R. Hambrecht reiterates ‘Buy” on Apple, ups target price

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MacDailyNews - Where Mac news comes first

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5 Day Most Commented

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Current Headlines

Sat, Nov 21, 2009 - 09:54 AM EST — AAPL: 199.92 (-0.59, -0.29%) | NASDAQ: 2146.04 (-10.78, -0.5%)

W.R. Hambrecht reiterates ‘Buy” on Apple, ups target price

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