updated 11:55 am EDT, Mon April 13, 2009
Kaufman ups AAPL to $152
Having formerly kept the figure identical for months, Kaufman Bros. has today issued a memo raising its price target for Apple stock. The target has been pushed from $120 to $152, reflecting what Kaufman suggests are several factors offering potential growth. Among these is WWDC in June, which should herald imminent shipment of the iPhone 3.0 firmware and new phones to match.
Apple should also be aided by the forthcoming release of Mac OS X Snow Leopard, which Kaufman suggests will help expand Mac sales beyond the recent boost provided by new iMacs, Mac minis and Mac Pros. Another major influence is expected to be the rumored Apple netbook, which could represent a hybrid between a Mac and the iPod touch, according to Kaufman analyst Shaw Wu. Potential aids could come in the form of lower service plan costs, and an overdue update to the Apple TV.