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The $654 Apple Analyst Call (AAPL)

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By Jon C. Ogg Updated Published
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A report came out in our analyst summaries this morning showing That Apple Inc. (NASDAQ: AAPL) had been raised to an “Outperform” from a “Neutral” rating and the new price target is $654.00 per share.  It was titled as the ongoing “BULL OF THE DAY” in the report.

After a stellar first quarter, Zacks maintains that Apple is the greatest technology growth story with “its superior product pipeline, Apps, strong iCloud revenues, the upcoming iPad 3 update, loyal customer base and international expansion going forward.”

Even the legal complexities and competition in the iPad and iPhone segments do not interrupt the optimism over its success growing in developing markets as they have a growth in the middle class.

Apple shares are up 0.5% at $533.00 and the 52-week trading range is $310.50 to $548.21; Thomson Reuters has a consensus price target of $575.23 on Apple as of today.

FULL REPORT

JON C. OGG

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

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