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AAPL Stock: 102.99 ( + 0.52 )

Printed from http://www.macnn.com

Merrill, UBS raise AAPL estimates

updated 07:35 am EST, Mon November 29, 2004

Analysts raise AAPL target

Merrill Lynch , noting a survey of U.S. retailers showed strong demand for its higher margin Photo iPods and Mini iPods as well as iMacs and accessories which the broker said were all selling "very well." The broker upped its share price target to $77 from $66 on a raised FY 2005 revenue forecast of $11.1bn (was $10.9bn) with an EPS EPS for the year at $1.40, up 10c.




by MacNN Staff

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Comments

  1. Zaren

    Joined: Dec 1969

    0

    Opened @ 69 a share today

    68.93 to be precise...

    Maybe $100 a share isn't so far fetched after all?

  1. Glasspusher

    Joined: Dec 1969

    0

    I could be an analyst

    I'll just up my estimate of AAPL to 2 dollars over what it closed on the previous day

  1. dreilly1

    Joined: Dec 1969

    0

    I don't trust 'em

    All these analysts jumping on the bandwagon makes me think that I should sell soon...

  1. klinux

    Joined: Dec 1969

    0

    OK

    Why aren't you one then, if the money is good and job is easy?

  1. Deal

    Joined: Dec 1969

    0

    It'll be different

    Usually, AAPL creeps up as Macworld approaches and then afterwards, drops like a led balloon. I think this year will be different. Watch all these stock predictors, who normally don't give Apple a fair shake, send the stock soaring with news of newer products.

    I hope Apple has some fabulous toys this January.

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