apple news/media reports
07/20/2007, 9:25am, EDT
Friday, July 20th
Analyst sets $205 price target for AAPL
Having released some initial predictions on Thursday, analysts with Piper Jaffray have increased their expectations for Apple stock performance and price target of $205, based on both revenue sharing with AT&T and now booked iPhone revenue. The group is predicting additional earnings per share (EPS) of $1.91 in 2009, and potentially as much as $2.49, which would bring the total growth for that year to $7.31. The determining factor will be how many iPhones Apple will be able to sell -- numbers could fall anywhere between 25 and 45 million, but will need to come closer to the latter to meet Piper's estimates.
This view is supported mainly by a belief in the "game-changing" nature of the iPhone, which is hoped will trigger a turning point similar to that of the iPod. Piper is also siding with suggestions that much cheaper iPhones are inbound, since they believe the average cost will be approximately $330.
The company raised its price target on Apple stock from $160 to $205.
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The rest of the market is crashing this morning. Dow is now down $112, Google is now down $35 and who is up today....... APPLE. Now up over $1.15.
Apple has outperformed many companies and most if not all computer & phone companies in the past two years. $205 is understated if Apple continues the growth they have recently.
I only wish I was not a pauper and had some money to invest in Apple.
seems like a separate blog software interface, that doesn't carry over credentials from here. and with no way to create an account.
The only thing that could go wrong is if something happens to Steve... he doesn't have any dangerous hobbies, does he?