- Jan 17, 2010
- Reaction score
According to a report in todayâ€™s WSJ, Morgan Stanley has made a very bullish prediction for Apple shares, saying that itâ€™s possible the shares will be worth $400 each. Morgan Stanley analyst Katy Huberty raised her official price target on Apple from $275 to $310, saying that investors â€œunder appreciate Appleâ€™s future growth opportunities,â€ which include the continued success of the iPhone and iPad and the growth in the Chinese market, for example. Huberty also added Apple to the â€œbest ideaâ€ list, mainly due to a general belief that Apple could see $20 per share earnings for the 2011 fiscal year, which would make the stock worth $400 per share.
In Hubertyâ€™s best case â€œbullâ€ scenario, Apple would have to ship 73 million iPhones and 12 million iPads in 2011. Her â€œbase case scenarioâ€ is that Apple will ship 61.5 million iPhones, 9 million iPads and 16.3 million units of Mac computers. Either way, itâ€™s all good news for Apple!
By Maura Sutton, iPadForums.net