AAPL Stock: 118.3 ( + 0.49 )

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Analyst raises AAPL target to $103

updated 09:40 am EST, Fri January 13, 2006

AAPL target raised to $103

Piper Jaffray is the latest analyst to raise its price target and estimates for Apple stock, following the announcements at the Expo. Much like , the firm raised its price target and earnings estimates based future iPod and Mac growh. Piper raised its target price on Apple to $103 (from $80) based on its expectations for continued market share gains for both Mac and iPod. In his research note to clients, analyst Gene Munster said that "while 2005 was the year of iPod growth," he believes that 2006 "is poised to be the year of both iPod growth and, more importantly, Mac market share gains." The firm also expects conservative guidance by Apple for its March quarter, a 2-for-1 stock split announcement, and the analyst also believes that Apple will deliver new categories of products by end of 2006. Apple is expected to report earnings on January 18, 2006.

"We believe the Apple story will continue to gain momentum in 2007, as the company is addressing the fastest growing market segments that touch the digital consumer (portable audio/video and home entertainment). Given Apple's current trajectory, legitimate competition in these markets in 2007 is unlikely. While seemingly aggressive, we expect Apple can outperform the competition for multiple years, assuming the current pace of innovation continues."

by MacNN Staff




  1. ZinkDifferent

    Joined: Dec 1969


    at least...

    They are now at least suggesting high targets while the stock is still lower (i.e. over $100, when the stock is at $85) - as opposed to previously, when they 'predicted' the stock would reach $65 the day it was at $67.

    This is actually the first analyst giving a more or less reasonable prognosis. He won't be around for long.

  1. Benton

    Joined: Dec 1969


    thin air

    I like to root for Apple as much as the rest. But, these valuations are way beyond fair market value. What company or consortium in their right mind would consider taking Apple private at current market cap? Right, none! These analysts are making money for their firms either way with transaction fees. Be supportive of SJ, not stupid.

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