toggle

AAPL Stock: 113.29 ( + 0.37 )

Printed from http://www.macnn.com

iPod a \"growth catalyst\" for Mac line; AAPL upgraded

updated 09:25 am EDT, Mon April 25, 2005

AAPL upgraded

Apple was from "neutral" by investor firm Credit Suisse First Boston this morning on the belief that the next major boost for the stock will be driven by the company's success in the PC market. Apple's Mac line is poised for continued growth over the coming quarters, following the completion of its second-straight quarter of market share gains. Analyst Robert Semple raised his stock price target to $45 from $40, his 2005 earnings estimate to $1.36 a share from $1.32 and his 2006 forecast to $1.61 a share from $1.52. "We believe that while iPod has been the growth catalyst for the story to date, the Mac business is now poised to deliver strong growth, market share gains and positive earnings revisions over the coming quarters," Semple said.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

ZTE Spro 2 Smart Projector

Home theaters are becoming more and more accessible these days, but maybe you've been a bit wary about buying a home projector. And h ...

MSI Geforce GTX 970 100ME

When Nvidia announced a new line of video cards in September 2014, many people thought things would continue to be business as usual i ...

Wren V5US Wireless Sound System

If you're a music fanatic, chances are you are, by extension, a bit fanatical about what you listen to your music on. If you're like ...

toggle

Most Commented