Analyst: $600/share for Apple in 18 Months

[pimentoLoaf]

Fourth paragraph from top:

``There's so much growth to look forward to for the iPhone,'' said Stephen Coleman, chief investment officer at St. Louis-based Daedalus Capital LLC, which owns about $7 million of Apple shares. He projects the stock will hit $600 in 18 months.

 

[WildCowboy]

Well, they own $7 million worth of the stock...I'm sure they'd love for it to be $21 million in 18 months.

 

[TheBonk]

Totally possible. My friends doubted that it would ever go over $100 a year ago.

 

[clevin]

i thought there is a depression on the horizon and US dollars is cheaper and cheaper? all bubbles, I can't even believe google now is $700!!!!!

all bubbles.

 

[twoodcc]

well, that would be nice if it did happen

 

[maestro55]

It is very possible with the current way Apple is going. First off while I despise News Corp. as a company I think a rental system might be fantastic with the Apple TV if quality was there, obviously the growth of that market is going to depend on if the Apple TV can improve and what the cost of the rentals will be but there is a foundation for a great system from Apple offering movies in my living room instantly.

As for the cell market, no doubt Apple may be looking around 2 or 3% of the market in the U.S. before the end of 2008, very small numbers compared to other companies but great numbers for Apple because that number is going to help grow Apple's personal computer market share just like with the iPod. Speaking of the iPod, last I looked Apple was still winning in the Digital Media Player market.

With the MacBook being one of Amazon's top selling items this year, there is no doubt that Apple is going to report growth in their personal computer marketshare. With all of this growth over the last year and room for growth over the next 18 months if Apple shocks us again Jan 15 with some great announcements I can see the stock rising. Apple though is going to have to stay innovative and on top of their game though for this to continue.

 

[jackc]

These price targets are getting a little silly, is anyone even talking about the valuation of the stock? It's already pricing in very strong earnings growth. You can't just say "great company, great products", therefore an ever-increasing price.

 

[termina3]

These price targets are getting a little silly, is anyone even talking about the valuation of the stock? It's already pricing in very strong earnings growth. You can't just say "great company, great products", therefore an ever-increasing price.

I think $600 is excessive.

That said, great company great products = success in the markets. Well, as long as there isn't anyone doing better (someone has to lose).

 

[WildPalms]

So THATS why they call is 'speculation'! LOL

 

[yeroen]

It's an open secret that analysts get paid to pull things completely out of their ass.

That being said, in a technical sense Apple should be valued at least as much as, if not quite a bit more than, Google.

 

[jhu]

Fourth paragraph from top:

``There's so much growth to look forward to for the iPhone,'' said Stephen Coleman, chief investment officer at St. Louis-based Daedalus Capital LLC, which owns about $7 million of Apple shares. He projects the stock will hit $600 in 18 months.

there's obviously no conflict of interest there...

he works for a company that owns shares in apple. what's he going to say? that apple's overvalued?