Appreciating AAPL, again.
Last week, AAPL was the hot stock after the announcement of Boot Camp. AAPL peaked at $71.94, is now down below $68.00, and continues to fluctuate all over the place. Analyst opinion is also all over the place.
Bear Stearns sees AAPL hitting $95.00, while Bank of America sees the stock topping out at $77.00. UBS has lowered their target price, though they are still maintaining a “buy” rating. American Technology Research maintains a “buy” rating on AAPL, with a target price of $103.00. ATR expects Apple will announce it’s second best quarter.
At $68.00, AAPL is priced for growth. Morningstar’s fair value estimate for AAPL is $55.00 per share. Of course, their fair value estimate for Google is $285.00, while Google’s share price is $407.00.
Apple is expected to report second quarter earnings on April 19th. It will be interesting to see what happens – like the stock price and analyst opinion, expectations are all over the place!