Earlier this week, Apple was raised to "accumulate" from "neutral" by analyst Russell Price at H&R Block Financial Advisors. The target price is $23 per share.
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Fresh-Faced Recruit
Joined: May 1999
Good?
It's great that people are recognizing that although Dell, Compaq, Gateway, and every other computer maker is in the dumps, that Apple is still accumulate-worthy. However, there are a few disappointments. Namely, accumulate, not buy...and also the target price @ 23. A year ago, the target price was 35, and a year and a half ago, it was 42 I believe.
It's a good sign, but it also hurts to see the decline in Apple's stock and also the stock market itself.