|Another Wall Street analyst has added their voice to proclaiming Apple's value. Goldman Sachs has upgraded Apple's rating from "Market Perform" to "Recommended Buy." This follows 2 weeks of positive news about Apple including 3 solid days of marked increases in Apple's stock price.
Goldman Sach's new rating is a solid endorsement of Apple's stock that should fuel further increases in its price. The Mac Observer has been running a daily report entitled "Apple Stock Watch" which will continue today. Currently Apple is at 44 3/8, up 3 7/16. That represents a 8.4% increase. The markets close in a little more than 90 minutes.
Recent Mac Observer Stories On This Issue:
Apple's Stock Watch Continues: Another 12 Week High/More Media Interest
The Apple Trader-AAPL Starts To Rise...At Last
Apple's Stock Continues Climb, Hits 10 Week High
IBM's Earnings Do What Apple's Can't, Apple Stock Up 5.82%
Whoa! Wall Street Money Manager Says Apple "Under Appreciated!"
Look for our next Stock Watch report later this afternoon!
The Mac Observer Spin: The beat goes on. Apple's stock is slowly gaining the momentum their products have been gaining. It took a while, but Apple is finally getting its due.
At some point their will be some form of downturn from profit taking, but Apple should continue its climb for many months to come. It is doubtful, though possible that Apple could continue to see the extremely sharp rises too far beyond the US$50 range. At this point, Apple could hit that mark within the next 5 days.
Way to go Apple!