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PiperJaffray increases AAPL target price to $100
updated 08:20 am EST, Mon November 22, 2004
AAPL target price at $100
PiperJaffray has increased its from $52 to $100, nearly double the current stock. The analyst firm cited findings from its own survey of iPod users, according to CBSMarketWatch: "The $100 price target means the stock would trade at 37 times the broker's calendar 2006 earnings and cash estimate per share. 'While this multiple is a premium to the comp group, we believe it is warranted given the growth potential of the iPod and its carryover to the core Mac business,'" AAPL is more than percent, trading near $57 in pre-open Monday trading. Merrill Lynch, however, more guarded on the PC market, saying it expects 2005 PC unit growth to slow to 9 percent from growth of 12 percent in 2004.
nice
11/22, 11:13am reply
nice that others are starting to see the potential that we've always seen.
l008com
Professional Poster
Joined: Jan 2000
going up
11/22, 11:38am reply
Gee, the stock has jumped about 6 bucks today, on this upgrade? Maybe I should set my estimates at $200 and watch it jump even more ;)
It's getting closer to its pre-crash price of $75
Glasspusher
Fresh-Faced Recruit
Joined: Oct 2000
insane...
11/22, 12:26pm reply
It's strangely sickening that the word of a single person can make such a stock move so fast. The numbers have been there for 6 months to a year staring everyone in the face. The white cords on this campus are doubling every few months. I thought the growth was reasonable. This is crazy.
Maybe someone needs a Christmas bonus.
lmhaffner
Fresh-Faced Recruit
Joined: Apr 2002
insane
11/22, 01:01pm reply
What's insane is how many people here hang on every word uttered by The One.
If you've been following the market for a while, this is not unusual. Insane? No. Rational? I don't think so either.
klinux
Senior User
Joined: Jul 2002