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Apple Stock Continues to Climb

by , 8:35 AM EST, November 28th, 2005

Apple's stock is gaining while analysts express a positive outlook, according to MarketWatch. Strong iPod demand, plus a possible rise in demand for higher end iPods, are driving Apple's value up. Apple stock closed on November 25, before Thanksgiving, at US$69.34.

Piper Jaffray is maintaining its outperform rating, but raised its target price from $68 to $79. Deutsche Bank lists Apple with a buy rating, raised its target to $78, and bumped up its earning estimate from $1.70 to $1.85.

J.P. Morgan expects demand for new iPods to out-strip supplies, which means Apple may sell more than its estimated 10.8 million iPods.

Apple stock is currently trading in the pre-market at $70.74, up 1.40 (2.02%).

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.

Observer Comments

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Close Name:John F. Braun -   TMO Staff Posts: 233 Joined: 11 Jun 2001
Mon Nov 28, 2005 11:24 am Subject: Act Like a Banana

If this keeps up, it may be time for another split. Yay!


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Close Name:Guest
Mon Nov 28, 2005 11:51 am Subject: 2.02%; not 20.2%

Article quoted:
Apple stock is currently trading in the pre-market at $70.74, up 1.40 (20.2%).

TMO, are you doing your math right, or is this the math you WISHED would occur with Apple stock?

MacSpudster


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