Friday, October 12, 2007 at 02:34 PM | Posted by kazouz
Today, Morgan Stanley joins Goldman Sachs in raising Apple’s target price to $180, while saying the stock could potentially surge as high as $225 per share. They state that an upcoming launch of an ultramobile Mac could help propel the stock price to break the $200 mark.
“We continue to believe Street estimates understate the true operating margin potential of Apple’s business. In the near-term, component costs aren’t nearly the headwind many feared,” analyst Katy Huberty wrote. “Longer-term, Leopard OS launch, increased store revenue, AT&T payments and unit scale/accessories sales on a much larger installed base are all likely to drive margins higher.”