
10-02-2009, 05:00 PM
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Executive Editor, Apple Thoughts
Join Date: Nov 2008
Posts: 2,937
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Apple Stock Has a New Target Price
"Another analyst has raised his price target for shares in Apple Inc. to US$210 per share, joining Thomas Weisel analyst Doug Reid who did the same thing on September 28th. Oppenheimer analyst Yair Reiner said in a research note that investors underestimate Apple's ability to generate profits from the iPhone, and moved his price target on the company's stock from $180 per share to $210." 
As of about 5 minutes ago, Apple stock was at $184.56 USD, up a little over $3.00 USD today. This target price increase is based partly on a story we talked about previously, where accounting changes were going to be a benefit to Apple and others that are being allowed to change how they account for subscription based sales. We shall see.
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iPhone 4, 1.6 GHz Core 2 Duo MacBook Air, Apple TV, 2.66GHz Intel C2D Mac Mini, 1TB TC, Airport Extreme,several iPods and an iPad, 32GB Wi-Fi version. Follow me on Twitter.
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