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:
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.

Digg!

Recent TMO Headlines - Updated October 18th

Sun, 10:02 AM
A MagSafe Power Bank For Super Heroes: myCharge Mag-Lock
Sat, 10:02 AM
JBL Charge 5: A Waterproof Speaker and Power Bank
Fri, 3:38 PM
The Story Behind 'Frenzic', a Puzzle Game That Launched in 2007
Fri, 3:26 PM
Facebook: A Clinical Assessment and a Call To Action
Fri, 3:25 PM
Pandora and SoundCloud Join Forces to Launch 'The Lookout by SoundCloud'
Fri, 2:54 PM
New on Apple Arcade: 'Tiny Wings+' Flying Game
Fri, 2:45 PM
Valve Says Games Can't Use NFTs or Other Blockchain Technology
Fri, 2:04 PM
VSCO Introduces 'FX' Tool to Add Flares, Grain, Dust, and Scratches to Content
Fri, 2:03 PM
How To Take Full Web Page Screenshots in FireFox
Fri, 1:46 PM
Security Friday: News, Shenanigans, and Encrypted Backups – TMO Daily Observations 2021-10-15
Fri, 1:42 PM
Audible App Unavailable in China App Store [Updated]
Fri, 1:27 PM
Missouri Governor Pursues Journalist Who Read Website Code
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Daily Observations
  • TMO on Twitter!