Appleis stock is gaining while analysts express a positive outlook, according to MarketWatch. Strong iPod demand, plus a possible rise in demand for higher end iPods, are driving Appleis value up. Apple stock closed on November 25, before Thanksgiving, at US$69.34.
Piper Jaffray is maintaining its outperform rating, but raised its target price from $68 to $79. Deutsche Bank lists Apple with a buy rating, raised its target to $78, and bumped up its earning estimate from $1.70 to $1.85.
J.P. Morgan expects demand for new iPods to out-strip supplies, which means Apple may sell more than its estimated 10.8 million iPods.
Apple stock is currently trading in the pre-market at $70.74, up 1.40 (2.02%).