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AAPL Stock: 423 ( -8.77 )

http://www.macnn.com/articles/03/05/08/aapl.upgraded/

AAPL upgraded by Smith Barney analyst

updated 10:35 am EDT, Thu May 8, 2003

 
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Analyst Richard Gardner at Smith Barney (AAPL) to "in-line" from "underperform" on "the belief that the PC maker's recently announced "ITunes" music store could potentially be worth an additional $3 to its share price. Therefore, he raised his price target to $18 from $15. The stock is trading down 15 cents at $17.50. 'While our revised target suggests little upside potential, we see relatively limited downside potential from current levels as well,' Gardner said in a note to clients," according to CBS MarketWatch.


by MacNN Staff

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  1. MacNN.com Reader

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    05/08, 10:44am | report spam | Reply |

    amazing genious this guy

    The stock is CURRENTLY trading at 17.58 so he calls it 18!!! WOW... and to think his parents paid for years of education and clients pay him hundreds of thousand of $ ....amazing

    Alessandro

  1. MacNN.com Reader

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    05/08, 10:53am | report spam | Reply |

    sarcasm

    don't be sarcastic boy, the markets are never wrong...

  1. MacNN.com Reader

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    05/08, 11:12am | report spam | Reply |

    Ummm

    Sure, for the guy that only has $5000 in stocks a $17.58 to 18 jump isn't all that big, but when you start throwing around $1,000,000... that's an issue (still, that's a streach).

    What is more important is that people are starting to recognize that Apple is more then a hardware company.

  1. MacNN.com Reader

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    05/08, 11:20am | report spam | Reply |

    good for Apple

    Amy good news is good news for Apple. I remember last year everyone put Apple on hold, so to be upgraded with get buyers on track and do the stock some good. Then, we get the 970, and muuhahahahaha

  1. MacNN.com Reader

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    05/08, 11:21am | report spam | Reply |

    Was it Merril Lynch...

    who downgraded apple to 'sell' on the actual launch day of the music store?

    what a bunch of losers, s******* the punter in the street.

    don't listen to what hese guys say. they're given backhanders by the bankers to push stocks. only the bankers know the real picture.

  1. MacNN.com Reader

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    05/08, 12:07pm | report spam | Reply |

    Very Late

    AAPL was trading OVER $18 per share yesterday.

  1. MacNN.com Reader

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    05/08, 12:13pm | report spam | Reply |

    ANALysts

    Of course Merrill Lynch losers are reiterating SELL AAPL and predicting that that the price is going down.

    For anyone who does not know; Merrill Lynch financial group has a specific vested interested in both Dell and Intel.

  1. MacNN.com Reader

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    05/08, 02:31pm | report spam | Reply |

    Hopeless

    Apple stock is hopeless because the average investor thinks it's Apple versus Microsoft, and buying Apple's stock is betting on Apple over Microsoft, which nobody will bet.

    Apple should spin QuickTime and The Music Store off into separate companies. If they did that, the stock prices of those two would be much higher. Oh yeah, they should spin off the other software too - FCP, DVDSP, Shake, etc.

    Same company controlling all of it, just different stock symbols.

  1. MacNN.com Reader

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    05/08, 07:30pm | report spam | Reply |

    Re: Hopeless

    "Apple should spin QuickTime and The Music Store off into separate companies. If they did that, the stock prices of those two would be much higher."

    You're an idiot, a perfect example of a moron. Just stop blathering and annoying the rest of us with your worthless theories that have absolutely no business merit? Thanks.

  1. MacNN.com Reader

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    05/08, 09:26pm | report spam | Reply |

    Re: Re: Hopeless

    The funny things is, after years and years of reading MacNN, I have just registered so I could respond to "Hopeless" idiotic comment. And I've now just discovered I don't even know where to begin commenting on such a stupid comment.

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