New Highs For Apple Reach $174.19
10.18.07 - 04:43pm
Apple’s stock has risen to new highs, almost reaching $175 today, but alas falling just $.81 cents short. Although for Apple it just means - maybe tomorrow.
At this time last year the stock had yet to reach $80, much less a $180, as it will surely do soon.
Apples stock has a tradition of rising high over the holiday season as their profits have soared every Christmas since the inception of the iPod.
This year they have their biggest market ever with 3 totally new iPods added to their collection, plus the famed iPhone, new iMac’s and their new operating system Leopard.
Lehman Brothers analysts have upped their target price on Apple from $160 to $190 based on Apple’s new products and better than industry average growth in sales of their products.
Apple will announce their new quarterly results this coming Monday the 22nd of October. If profits are confirmed to rise as expected Apples stock should jump even more.
Speak Your Peace