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 TMO Headlines - Updated May 26th

Thu, 4:47 PM
Apple Bringing Editorial Direction to Apple News, Hires Experienced New York Magazine Exec
Thu, 4:46 PM
Comprehensive Guide to Magic Mouse Mac Gestures
Thu, 3:37 PM
Tell the FCC Exactly How You Feel about Ringless Voicemail
Thu, 3:30 PM
Jony Ive Appointed Chancellor at Royal College of Art
Thu, 3:02 PM
Apple Watch Most Accurate Heart Rate Fitness Tracker, Sucks at Calorie Counting
Thu, 2:26 PM
Apple Transforms PR Site to a 'Newsroom' and Redesigns Executive Profiles
Thu, 1:34 PM
The Big Ringless Voicemail Rant - TMO Daily Observations 2017-05-25
Thu, 12:32 PM
New Apple Cartoon Looks at the Liam Recycling Robot
Thu, 9:57 AM
Belkin Launching HomeKit Compatible WeMo Bridge This Fall
Thu, 9:53 AM
Andy Grignon 10 Years Later, Reflecting on Helping to Create the iPhone
Thu, 9:02 AM
macOS: Linking Contact Cards Together
Thu, 9:00 AM
Yummy FTP Pro+ Lifetime License: $19.99
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!