Analyst Bumps Apple Target Price to $110
Analyst Bumps Apple Target Price to $110
by , 12:55 PM EST, November 27th, 2006
ThinkEquity analyst Jonathan Hoopes is predicting strong holiday sales for Apple Computer, and should lead to a strong first quarter for the company. He estimates Apple will show US$1.45 billion in retail store sales for the quarter, according to Forbes.
ThinkEquity conducted a survey of 28 Apple retail stores over eight states on November 24, "Black Friday," and counted as many as 1,750 visitors per hour with an average of eight purchases per 100 visitors. Mr. Hoopes commented "The overwhelming majority of purchases fit into a small bag. That said, demand for CPUs (notebooks and desktops) and larger beyond-the-box items (such as printers) also appeared healthy."
Apple stock also hit a 52 week high of $93.16 for a short period on Monday.
Mr. Hoopes raised his target price for Apple's stock from $100 to $100, and is maintaining a "Buy" rating. Apple is currently trading at $90.32, down 1.31 (1.43%).
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.
Warning: include(/usr/local/etc/httpd/sites/macobserver.com/htdocs/forums/extension.inc) [function.include]: failed to open stream: No such file or directory in /var/www/bbm/macobserver.com/ee2/www/htdocs/comments/comments.php on line 108
Warning: include() [function.include]: Failed opening '/usr/local/etc/httpd/sites/macobserver.com/htdocs/forums/extension.inc' for inclusion (include_path='.:/usr/share/php5:/usr/share/php') in /var/www/bbm/macobserver.com/ee2/www/htdocs/comments/comments.php on line 108
Warning: include(/usr/local/etc/httpd/sites/macobserver.com/htdocs/forums/common.) [function.include]: failed to open stream: No such file or directory in /var/www/bbm/macobserver.com/ee2/www/htdocs/comments/comments.php on line 110
Warning: include() [function.include]: Failed opening '/usr/local/etc/httpd/sites/macobserver.com/htdocs/forums/common.' for inclusion (include_path='.:/usr/share/php5:/usr/share/php') in /var/www/bbm/macobserver.com/ee2/www/htdocs/comments/comments.php on line 110
Warning: include(/usr/local/etc/httpd/sites/macobserver.com/htdocs/forums/includes/bbcode.) [function.include]: failed to open stream: No such file or directory in /var/www/bbm/macobserver.com/ee2/www/htdocs/comments/comments.php on line 112
Warning: include() [function.include]: Failed opening '/usr/local/etc/httpd/sites/macobserver.com/htdocs/forums/includes/bbcode.' for inclusion (include_path='.:/usr/share/php5:/usr/share/php') in /var/www/bbm/macobserver.com/ee2/www/htdocs/comments/comments.php on line 112
Fatal error: Call to a member function sql_query() on a non-object in /var/www/bbm/macobserver.com/ee2/www/htdocs/comments/comments.php on line 532
Recent Headlines - Updated May 22nd
- Wed, 8:28 PM
- Apple Context Machine Podcast - ACM 205: Apple Tax Hearings & Samsung’s Delusions
- 5:23 PM
- Product News - Apple Updates iTunes & QuickTime for Windows, Windows 64
- 2:50 PM
- Quick Look Review - Designed by M’s AL13 Aluminum Bumper Is For The iPhone 5 Purist
- 2:02 PM
- News - Penguin Agrees to $75M Payout in ebook Price Fixing Settlement
- 1:00 PM
- In-Depth Review - An iPhone Veteran Evaluates a Samsung Galaxy Note II
- 11:13 AM
- TMO Appearances - Jeff Gamet Discusses Apple Taxes on MacVoices
- 10:25 AM
- Analysis - Corporate Tax Reform Needs to Start in the US, not Ireland
- 8:25 AM
- TMO Quick Tip - iOS Mail: Archive or Delete Individual Emails
- Tue, 8:16 PM
- Analysis - Apple to Senate: We Comply with the Law - Change the Law
- 5:10 PM
- The Back Page - Samsung’s Delusions of Relevance
- 2:11 PM
- Native Instrument Releases Abbey Road 50s Drummer
- 12:47 PM
- News - Senator Paul: Stop Bullying Apple
The Mac Observer Reader Specials
-
-
-
-
-
-
-
-
-
Support TMO, Buy from Amazon, MacMall and The Apple Store
