updated 09:35 am EDT, Wed September 21, 2005
Deutsche Bank on AAPL
Deutsche Bank has with a "buy" rating and $60 price target, according to Forbes.com. The analyst firm believes that Appe will continue to grow and gain share in both the digital music and PC markets and expects the company to drive strong earnings and cash-flow growth as it capitalizes on the growth of the MP3 market over the next three to five years: "Due its strong product portfolio, market-share leadership, and the stickiness of iTunes, we believe Apple will continue to dominate this product category," the firm said, forecasting 31 million iPod units in calendar 2005 and 43 million units in calendar 2006. The report says that the firm also believes Apple will continue to drive share gains in the PC market leveraging a combination of a resurgence in Apple's brand, innovative computer designs, and a better user experience delivered by Mac OS X.