The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
Bear Stearns Downgrades Apple

Bear Stearns Downgrades Apple

by , 9:00 AM EST, December 14th, 2005

Bear Stearns downgraded Apple from outperform to peer perform, according to MarketWatch. The December 14 report notes the change is based on valuation concerns, and maintaining estimates.

According to Bear Stearns, Apple's current valuation is based on near-term optimism, and is about 7 percent above its 2006 year-end fair value.

The analysts are, however, encouraged by new and emerging opportunities for Apple, including Intel-based Macs, a possible revised version of the iPod shuffle, and the evolution of the iPod into a media platform.

Other analysts are more optimistic on Apple's future. Gene Munster of Piper Jaffray is maintaining his outperform rating, and Shaw Wu from American Technology Research is maintaining his buy rating.

Apple stock is currently trading at US$72.71 in the pre-market trading, down 2.27 (3.03%).


If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.

Recent Headlines - Updated July 23rd

Mon,12:40 PM
Three Ways to Protect your Apple Watch (and One Way Not To)
Mon,10:42 PM
Google Brings Higher Resolution Satellite Imagery to Google Earth and Maps
9:10 PM
Google Bloks Will Offer Kids Hands-On, Collaborative Programming Concepts
8:44 PM
PRE-SALE: The Complete iOS 10 Developer Course at $29
5:15 PM
Game Foul: Ford Dealership Steals Firewatch Art
5:04 PM
TMO Background Mode: Interview With Symply Co-founder and President Alex Grossman
3:20 PM
iPhone 7 Sans Headphone Jack: The Debate Continues
1:58 PM
TMO Daily Observations 2016-06-27: AAPL, Brexit, Google Blocks
11:58 AM
Google Ready to Try Apple’s Tactics with New Smartphone
9:33 AM
Apple gets its Rainbow on for SF Pride Parade
Sun,12:18 PM
MGG 611: Troubleshoot & Resolve Your Mac & Apple Issues
Fri,7:00 PM
Apple Kills the Thunderbolt Display - Will the Mac Pro Be Next?
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!