Apple shares jump to new 4-year high
updated 12:30 pm EST, Mon November 22, 2004
Apple shares up 16-percent
Shares of Apple Computer on Monday, to their highest level in more than 4 years, after a Wall Street analyst nearly doubled his price target on the stock, Reuters is reporting. "Piper Jaffray analyst Gene Munster raised his 12-month price target to $100 from $52, citing a survey conducted by his firm showing that Apple's popular iPod digital music players are helping boost sales of its signature Macintosh computers." In a research note, Munster said that a survey of 200 iPod users in the US found that 6 percent were formerly PC users who had bought a Mac after purchasing their iPod, while another 7 percent said they planned to buy a Mac in the future. A second analyst, Robert Cihra, of Fulcrum Global Partners, also boosted his target price on Monday to $65, up from $53.






Mac Enthusiast
Joined: Mar 2002
Apple Stock Price
I'm glad I bought a bunch of Apple stock when it was trading at $16 per share. :)