Cowen Raises AAPL Target to $102 on iPhone 6 Prospects

11:34 AM, Jun. 17th, 2014 · · Apple Stock Watch

Cowen & Company analyst Timothy Arcuri thinks Apple's smartphone sales will remain strong this year and the upcoming iPhone 6 will drive those numbers up enough to warrant bumping his target price for the company's stock from US$90 up to $102. He said Apple has been able to maintain strong sales despite the fact that it doesn't offer a smartphone with a larger screen, although that's expected to change this fall with the launch of the iPhone 6.

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Everyone is expecting bigger screens and bigger sales for the iPhone 6 this fall. Get ready for a lot of disappointment in the stock market if Apple sticks with the current iPhone 5S display.

Analysts Push their AAPL Target Above $100

11:05 AM, Jun. 13th, 2014 · · Apple Stock Watch

Analysts from RBC, Deutsche Bank, and Monness Crespi & Hardt raised their target prices for Apple's stock this week to US$100 or higher. The changes follow Apple's 7-to-1 stock split on Monday and show analysts are positive overall about the company's growth potential.

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The 7-to-1 stock split along with the prospect of the iPhone 6 coming this fall and the rumored iWatch has investors and analysts optimistic about Apple's prospects.

Wells Fargo Analyst Adjusts AAPL Target Following Stock Split

11:52 AM, Jun. 9th, 2014 · · Apple Stock Watch

Wells Fargo analyst Maynard Um has lowered his target price range for Apple's stock to reflect its value following Monday morning's 7-to-1 stock split. His new 12 month target price range is between US$86 and $93, and was between $388 and $645 last week before the stock split.

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Apple's stock is already trading above Mr. Um's target range. That doesn't, however, mean he's underestimating how it will perform over the next 12 months.

AAPL 7-to-1 Stock Split Trading Starts Today, Over $92

8:54 AM, Jun. 9th, 2014 · · Apple Stock Watch

After closing on Friday at US$645.57, Apple's stock is trading in the pre-market Monday morning around $92. That drop doesn't, however, indicate a decrease in Apple's stock value but instead comes from the promised 7-to-1 stock split scheduled to take effect today.

AAPL Stock Split: What You Need to Know

11:15 AM, Jun. 5th, 2014 · · Apple Stock Watch

Apple's 7-to-1 stock split is only a couple days away, and the company said that the change applies to share holders on record as of June 2. With one date behind us now, and the other fast approaching, what does that mean for your Apple stock, especially since it's still trading? Read on to find out.

Analyst: WWDC Announcements Should’ve Included Hardware

8:03 PM, Jun. 2nd, 2014 · · Apple Stock Watch

Apple's two hour keynote event to kick off its annual Worldwide Developer Conference Monday morning was filled with details about OS X Yosemite, iOS 8, and developer tools, but it didn't include any new hardware announcements, and Wells Fargo analyst Maynard Um says that was a disappointment.

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No new hardware at WWDC isn't a cause for disappointment. Had Apple failed to show any level of innovation during the keynote would've been more of a concern, and there was plenty to be pleased with from HealthKit to app extensibility in iOS 8, to improved file sharing and syncing, and more. The hardware will come, and it'll get its own media event.

Apple’s Stock Steady Considering Lack of Product Announcements

5:29 PM, Jun. 2nd, 2014 · · Apple Stock Watch

$AAPL Chart

Shares of Apple's stock held remarkably steady on Monday considering the lack of new hardware announcements or other new products during the company's annual World Wide Developer Conference (WWDC) keynote. The stock lost some 0.69 percent in strong volume to close at US$628.65, down $4.35, on strong volume of 13.2 million shares trading hands.    

iPhone Carrier Deals Pushes up Wells Fargo AAPL Target Price

11:26 AM, May. 30th, 2014 · · Apple Stock Watch

Wells Fargo analyst Maynard Um raised his 12 month target value range for Apple's stock on Friday because the number of iPhone carrier deals the company has in place is on the rise. Currently, 323 cell service carriers offer the iPhone, up from 316 only a month ago. His target range is now between US$595 and $640, up from $515 and $585.

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It may not seem like there are many places for Apple to continue expanding iPhone availability, but clearly there are. More carriers means more potential iPhone sales.

Analyst: Apple’s Beats Purchase may be Defensive

10:26 AM, May. 29th, 2014 · · Apple Stock Watch

With Apple's confirmation that it is buying Beats Music, the question shifts from "if" to "why," and Wells Fargo analyst Maynard Um thinks that's still something of a mystery. Based on what we do know, Mr. Um thinks Apple's US$3 billion deal could be a defensive move, which would mark a change in company strategy.

Analysts Raise AAPL Tagets on iPhone Hopes

11:48 AM, May. 28th, 2014 · · Apple Stock Watch

Apple's stock is on the rise, and so are the target prices for the iPhone and iPad maker's shares. Both Toni Sacconaghi of Bernstein Research and Ben Reitzes of Barclays raised their target price for Apple's stock on Wednesday, citing expected high demand for the next version of the iPhone.