Apple announces mind boggling earnings where it's revenue grows 71% coming in at $26.74 billion which is something like $2 billion more than consensus analysts estimate. It's net profit was a whopping $6 billion (to put that into some perspective in the Oct. 2010 earnings report Microsoft earned $16.2 billion in revenue and $5.41 billion in net profit. Msft is yet to announce the Christmas quarter).
Analysts have been busy raising their price targets for Apple.
But even with this blockbuster financial report Aapl dropped further today
Showing posts with label apple stock. Show all posts
Showing posts with label apple stock. Show all posts
Wednesday, January 19, 2011
Friday, December 17, 2010
JP Morgan ups Apple Stock to $420
There's been a rash of agencies upping Appl up recently. JP Morgan joins in with new target of 420.
Gene Muster's longer projection of 5 years into the future puts Aapl at $1000! (see story below).
Read more on JP Morgan's new target at Edible Apple here.
Gene Muster's longer projection of 5 years into the future puts Aapl at $1000! (see story below).
Read more on JP Morgan's new target at Edible Apple here.
Gene Munster says Apple stock is going to $1000
Recently there various agencies have either upped their targets or initiated coverage of Apple (aapl) at pretty high targets. For example Gabelli & Co started coverage of Apple with a target of $450 and Kaufam upped it from 380 to 395 but these are one year targets.
Looking into his crystal ball Gene Munster the long time Apple analyst for Piper Jaffray argues that in five years Apple could become a $200 b revenue a year company and rocket Aapl to $1000. Apple's market cap will then be close to a trillion $, compare this to the largest company in the world Exxon which currently has a market cap of around 360 b.
Some people say this is crazy but as the stock is already past 320 it's only triple the current price. Only? Well a 1000 invested in Aapl 10 years ago would be worth 43000 so historically Apple has sustained such growth rates. Three years ago Aapl was only around 90 so it has already tripled. Still some still argue that as Apple gets bigger generating such huge revenues might be a challenge not to mention PE compression issues (as growth companies get very big their PE ratios tend to get smaller). Personally I think Apple stock is going to go up, how much in five years I'll have to chew more on it...
Read Jay Yarow's article on Munster's analysis here:
Looking into his crystal ball Gene Munster the long time Apple analyst for Piper Jaffray argues that in five years Apple could become a $200 b revenue a year company and rocket Aapl to $1000. Apple's market cap will then be close to a trillion $, compare this to the largest company in the world Exxon which currently has a market cap of around 360 b.
Some people say this is crazy but as the stock is already past 320 it's only triple the current price. Only? Well a 1000 invested in Aapl 10 years ago would be worth 43000 so historically Apple has sustained such growth rates. Three years ago Aapl was only around 90 so it has already tripled. Still some still argue that as Apple gets bigger generating such huge revenues might be a challenge not to mention PE compression issues (as growth companies get very big their PE ratios tend to get smaller). Personally I think Apple stock is going to go up, how much in five years I'll have to chew more on it...
Read Jay Yarow's article on Munster's analysis here:
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