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 October 31st

Thu,7:17 PM
Meijer, the CurrenctC/MCX Member Who Refuses to Block Apple Pay
6:36 PM
Get Free Bitcoins with 52 Website Faucets that Really Pay [Update]
5:17 PM
Last Chance for The Bluetooth Shower Speaker: $39
5:09 PM
CES Rebrands iLounge Pavilion as iProducts, Hopes to Attract Macworld Expo Exhibitors
2:13 PM
Apple Reverses PCalc Decision; App and Widget Can Stay
1:29 PM
TMO Daily Observations: 2014-10-30
11:36 AM
Microsoft Joins the Fitness Tracking Game with Fitness Band
9:52 AM
Tim Cook’s Gay Coming Out is a Big Deal for Equal Rights
Wed,9:37 PM
MCX Holds Press Conference, Does Itself No Favors
7:30 PM
ACM 278: Apple is the New Microsoft and Thinking Differently about iPhone
6:43 PM
Apple: Widgets Can’t Calculate, Orders Featured Calculator Widget Removed
4:00 PM
The 3 Unexpected Consequences of Apple Pay Will be Huge
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!