• Apple, Inc ($AAPL) Shares Given New $700.00 Price Target by Hudson Square Research Analysts

    Equities research analysts at Hudson Square Research raised their price target on shares of Apple, Inc (NASDAQ: AAPL) from $500.00 to $700.00 in a research issued note to investors on Tuesday. They currently have a “buy” rating on the company’s shares.

    Separately, analysts at Morgan Stanley (NYSE: MS) reiterated an “overweight” rating on shares of Apple, Inc in a research note to investors on Tuesday. Analysts at Jefferies reiterated a “buy” rating on shares of Apple, Inc in a research note to investors on Thursday, October 6th. Also, analysts at Rodman & Renshaw reiterated an “outperform” rating on shares of Apple, Inc in a research note to investors on Wednesday, October 5th. They now have a $450.00 price target on the stock.

    Apple Inc. (Apple) designs, manufactures and markets a range of personal computers, mobile communication and media devices, and portable digital music players, and sells a range of related software, services, peripherals, networking solutions, and third-party digital content and applications. It’s products and services include Macintosh (Mac) computers, iPhone, iPad, iPod, Apple TV, Xserve, a portfolio of consumer and professional software applications, the Mac OS X and iOS operating systems, third-party digital content and applications through the iTunes Store, and a range of accessory, service and support offerings. The Company sells its products globally through its retail stores, online stores, and direct sales force and third-party cellular network carriers, wholesalers, retailers, and value-added resellers. As of September 25, 2010, the Company had opened a total of 317 retail stores, including 233 stores in the United States and 84 stores internationally.

    Shares of Apple, Inc opened at 388.81 on Tuesday. Apple, Inc has a 52 week low of $292.49 and a 52 week high of $422.86. The stock’s 50-day moving average is $386.6 and its 200-day moving average is $359.6. The company has a market cap of $360.5 billion and a price-to-earnings ratio of 15.38.
    Comments 4 Comments
    1. mjmacky's Avatar
      mjmacky -
      Just goes to show you, nothing's more boring than reading an article on stock prices
    1. megabyteme's Avatar
      megabyteme -
      Apple is in the "news" right now, and these stories help inflate its value. When day-trader chat rooms did it, it was illegal. When it's done on television, and magazines, it is "interesting investment opportunities". Prediction: Within 6 months, Apple's stock will fall by 1/2. Within 18 months, it will be the "wonder company that tanked." The sheep have lost their shepherd...
    1. brilman's Avatar
      brilman -
      It'll drop more I'm thinking but open source has a better chance now. Itunes what
    1. iLOVENZB's Avatar
      iLOVENZB -
      $AAPL: 419.93 -0.06‎ (-0.01%‎) Oct 18 11:40am ET

      Couple of minutes later: 420.61 +0.62‎ (0.15%‎) Oct 18 11:48am ET