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AAPL Stock: 562.29 ( -3.03 )

Analyst: Feb NPD data overblown

updated 09:50 am EST, Fri March 17, 2006

$90 price target on AAPL


Despite slow Mac sales concerns for Apple's second fiscal quarter, analysts at Morgan Stanley today maintained their "overweight" rating on Apple stock with a price target of $90. NewRatings.com reports that the firm said that "the current weakness in Apple Computer's share price, on account of data related to the company's component supply chain and point-of-sale, is overblown." The firm notes that the February NPD point-of-sale data "does not reflect initial robust shipments of Apple's MacBook Pro and/or sell through of the new Mac Mini," according to the report.


by MacNN Staff

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  1. jhorvatic

    Fresh-Faced Recruit

    Joined: Apr 2005

    0
    03/17, 11:32am | report spam | Reply |

    What slow Mac sales?

    I think they're dead wrong about Mac sales. If they are so slow why is there such a back log of orders for the Macbook Pro and the iMac?

  1. eldarkus

    Fresh-Faced Recruit

    Joined: Feb 2004

    0
    03/17, 11:54am | report spam | Reply |

    WELL...

    It could be that Apple underestimated the market for Mac Book Pro's and produce make as many. That would cause a back log.

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