updated 09:45 am EDT, Mon September 26, 2005
Analyst raises AAPL target
Analyst Andrew J Neff of Bear Stearns has on Apple stock and raised his target on Apple's stock price from $50 to $58, according to NewRatings.com: "In a research note published on September 23, the analyst mentions that the company is witnessing robust demand for its iPod nano and iBook products. The sequential CPU unit growth estimates for 3Q and 4Q may prove conservative, since Apple Computer is gaining share in the PC market, the analyst says. According to Bear Stearns, the target price has been revised to reflect a shift in the base year from 2005 to 2006."