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Apple Given Strong "Buy" Rating by Goldman Sachs

by , 4:05 PM EST, February 28th, 2007

After a chat with Apple's COO Tim Cook, Goldman Sachs analyst David Bailey came away impressed with Apple's long term ability to innovate and has strongly recommended Apple stock. Forbes reported on the meeting Wednesday.

Mr. Bailey also came away from the Tim Cook meeting with the feeling that Apple's stock can be safely purchased on "any weakness."

"Apple continues to reinforce its emphasis on and ability to innovate at levels that separate it from other companies," Bailey said.

The analyst wrote to his clients that Apple's culture of innovation is so strong that they are virtually certain to maintain their string of breakthrough products. Apple's goal of 10 million iPhone sales was seen as realistic, despite the iPhone's announced high price.

Mr. Bailey recommended that while Apple stock is subject to ups and downs due to negative speculation, Apple is highly recommended for the next few months leading to the iPhone shipments -- announced for June.

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Observer Comments

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Close Name:Rainy Day Posts: 607 Joined: 07 Jun 2005
Thu Mar 01, 2007 1:47 am Subject: Duh!

Quote
“Apple is highly recommended for the next few months leading to the iPhone shipments”


Well duh!


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View Name:Guest
Thu Nov 22, 2007 11:12 am Subject: Apple is over valued!
View Name:Guest
Thu Nov 22, 2007 11:13 am Subject: Final Push
Close Name:Intruder -   TMO Mac Specialist Posts: 2833 Joined: 07 Jul 2004
Thu Nov 22, 2007 12:33 pm Subject: Re: Final Push

Quote
Anonymous wrote:
I think Goldman wanted to give these stocks the final Push bevore they die.


Do you often reply to your own posts?


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Close Name:macinnerd Posts: 1612 Joined: 15 Jun 2005
Fri Nov 23, 2007 2:29 am Subject:

Split personality, perhaps?


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