Consumer Electronics
Two Giant Tech Analyst Targets (AAPL, GOOG, EMC, DELL, HPQ)
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There have been two standout research calls this morning in two of the darlings of tech and internet investors. Goldman Sachs, in a broader technology group call, put a Conviction Buy List rating on Apple Inc. (NASDAQ: AAPL) along with a new share price target of $430.00 per share. Wedbush Morgan Raised Google Inc. (NASDAQ: GOOG) to “Outperform” from Neutral and assigned a $750.00 price target objective.
There were other less noticed calls. Goldman Sachs was also positive on EMC Corporation (NYSE: EMC) with a Buy rating and $27 price target. The call was bad for PC-makers: Dell Inc. (NASDAQ: DELL) and Hewlett-Packard Co. (NYSE: HPQ) were both given SELL ratings. Dell’s target is $10 and $38 was given as a target for H-P.
As far as how the $430.00 target of Apple compares, that is a call for 34% upside from Friday’s $320.56 close. For Google, the $750 Wedbush target implies about 26% upside from the $592.21 close on Friday.
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JON C. OGG
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