Last Chance Apple Below $175?
11.27.07 - 04:30pm
Apple has a history of rising high each holiday season, traditionally jumping around 43% through the holidays till MacWorld in January. Thus the news that this may be the last chance to buy the stock for below $175 shouldn’t really be news to anyone.
Georges Yared an analyst at Blogging Stocks says “Apple is fast becoming the business school case study right before our very eyes as this company is executing flawlessly.”
Yared, believes this is the last chance for anyone to purchase Apple below $175. Yared has set his Apple target price at $225.
“Currently Apple is at $171 and this may be your last chance to buy it below $175. Apple finished its fiscal year 2007 with incredible numbers, margins, and more importantly, momentum, entering the new fiscal year,” Mr. Yared wrote. “The Mac [product] sold 2.16 million units in the quarter ending in September, and the December quarter will only see upside to that number.”
Apple’s stock closed today at $174.81 up $2.27.
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