What's new

Morgan Stanley Says that Apple Shares Could Top $400 A Share

iDan

Administrator
Staff member
morgan-stanley.JPG

According to a report in today’s WSJ, Morgan Stanley has made a very bullish prediction for Apple shares, saying that it’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 “under appreciate Apple’s future growth opportunities,†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 “best idea†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 Huberty’s best case “bull†scenario, Apple would have to ship 73 million iPhones and 12 million iPads in 2011. Her “base case scenario†is that Apple will ship 61.5 million iPhones, 9 million iPads and 16.3 million units of Mac computers. Either way, it’s all good news for Apple!

By Maura Sutton, iPadForums.net
Source: WSJ
 

Most reactions

Latest posts

Back
Top