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Apple closes in on $100, almost doubling in share price since summer

Posted Nov 28th 2006 6:31PM by Tobias Buckell (RSS feed)
Filed under: Good news, Products and Services, Apple Inc (AAPL)

Apple Computer, Inc. (NASDAQ: AAPL) has had an incredible run over the last several months. This has been a trend that has been strong since early August, when it started moving from the $50s to the low $90s today. Is Apple poised to have doubled it's price within two quarters if it passes the $100 mark? It looks likely if Apple has a strong winter retail season.

Jonathan Hoopes of ThinkEquity Parners LLC did a survey of Apple Retail traffic on Black Friday to get an estimate of what kind of sales traffic Apple was getting. The traffic was strong enough to make ThinkEquity raise Apple's target price from $100 to $110. So at least one analyst seem to think that yes, we will see Apple hit that point.

The next question on investors minds is whether the stock will split if it holds steady at these heights. Apple ended the trading today at $91.81, up $2.27, a 2.54% increase in price.

Tobias Buckell is a freelance writer, author, and professional blogger. He owns Apple stock.

Apple after the bell 10/9/06: strong first quarter being anticipated

Posted Oct 9th 2006 6:19PM by Tobias Buckell (RSS feed)
Filed under: Analyst Reports, Management, Competitive Strategy, Apple Inc (AAPL)

Apple Computer, Inc. (NASDAQ: AAPL) closed today at $74.63, up 41 cents or 0.55% on a day where the stock price just marched steadily and slowly upwards.

The big positive news for Apple was ThinkEquity's Jonathan Hoopes keeping a 'Buy' rating on Apple because he thinks everyone is overreacting about first-quarter fears on Apple sales. This general optimism is repeated by analyst Shaw Wu at American Technology Research, who anticipates increased MacBook sales and iPod rebound sales due to the iPod Nanos.

The options crisis may slow the stock's rise, but as Hoopes said and Macworld UK points out, Apple's last options payout was in 2002 after which it ceased the practice. This isn't a scandal in the sense that Apple did something no other company did and is being dragged out into the light. Eighty or more other corporations are being investigated and dragging out the process. Apple has done their own investigation, cleaned house, and is moving on. And the stock price is reflecting that.

Apple after the bell 9/25/06: increasing margins, bullish analysts drive stock up

Posted Sep 25th 2006 4:40PM by Tobias Buckell (RSS feed)
Filed under: After the Bell, Major Movement, Products and Services, Competitive Strategy

Apple Computer, Inc. (NASDAQ: AAPL) ended the day at $75.75, a $2.75 rise or 3.77% jump in the price of its stock. ThinkEquity Partners LLC analyst Jonathan Hoopes raised his estimate of the computer manufacturers target price to $100 within the next year. He's thinking that higher margins and the newest operating system's strengths will drive the price up.

Certainly his impression that Apple is working on its margins seems born out by this article in TG Daily that suggest the profit margin for Apple iPod Nanos are coming down, which is good news for Apple's profits.