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AAPL Stock: 123.25 ( -0.99 )

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Analyst raises AAPL target to $195 on Mac growth

04/07, 8:45am

AAPL target raised to $195

Research firm Thomas Weisel Partners (TWP) on Monday upgraded Apple stock and set a target price of near its previous trading high, noting that the current price severely discounts the long-term growth potential and that any risk for a near-term earnings shortfall has faded. While most analysts have focused on the impending launch of Apple's "3G iPhone" that runs on AT&T's faster mobile network, analyst Doug Reid said that Apple will continue its longer-term growth through its core Mac business as well as continued roll-out of the iPhone to additional countries.

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