Lion's AppleWatch

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"Attempting to analyze Apple through the general mediocrity of the industry they're part of, is just not the way to look at Apple..."

  Monday, December 28, 2009

Broadpoint Analyst Raise AAPL Target Price to $260

Broadpoint.AmTech analyst Brian Marshall raised his target price for Apple's stock on Monday from US$235 up to $260 based December quarter iPhone sales estimates that he thinks will come in well above Wall Street projections.

Mr. Marshall expects Apple will sell about 11.3 million iPhones for the quarter. The Wall Street consensus, however, is targeting 8.8 million iPhones, according to Barrons.

He also expects U.S. iPhone sales will drop 20 percent sequentially to about 2.5 million units, but that international sales will more than double for the quarter up to about 8.8 million units.

Along with his new $260 target price, Mr. Marshall is maintaining his "Buy" rating for Apple's stock. Apple is currently trading at $212.72, up 3.68 (1.76%).

... and another upgrade today:

Weisel ups Apple estimates, raises price target to $250

"Thomas Weisel analyst Doug Reid this morning raised estimates on Apple (AAPL) after checking the company[base ']s store trends over the weekend. He sees demand for iPhones and iMacs in December fairing better than expected. Reid has an 'Overweight' rating on Apple and today he raised his price target to $250 from $245," Tiernan Ray reports for Barron's.

Ray continues, "The holiday shopping season has seen 'a sharp increase in the purchase of iPhone as a gift option,' writes Reid. Reid sees improved iMac sales following the October 20 product refresh and believes there[base ']ll be strong demand throughout the holiday season... Reid also thinks the much-rumored tablet computer could add 15 cents per share to earnings this fiscal year ending September and 72 cents for the following year." 6:22:39 PM    

Apple's App Store sees record breaking Christmas; destroys Android Market

Apple rocked it this holiday season, and the early numbers are showing it... 3:32:36 PM    

Apple: new all-time highs and rising

AAPL broke out to new all-time highs once again today. The stock had struggled over the past couple of months, but it has come roaring back over the last week.

click to enlarge

Aapl1224

On Tuesday, we posted the chart below and said that the stock looks good from a technical standpoint.

Appl1222

The post also coincided with a Trade of the Day that we put out to Bespoke Premium members saying to buy the stock. The traders definitely bid the stock up after it broke its downtrend. 3:01:15 PM    




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