Tag: bear-stearns

A story on Marketwatch today notes that Bear Stearns analyst Andrew Neff raised his 12-month price target on Apple to US$100 a share, saying he is “optimistic about Apple’s continued innovation and twin drivers” of iPods and Intel-based Macs. Apple’s stock rose 70 cents to $92.47 in early trading today.

Bear Stearns today raised its 2005 earnings forecast for Apple to US$2.25 a share from $2.10 due to signs that hard drive-based iPod sales will not see the normal seasonal weakness during the March quarter. Analyst Andrew Neff also raised his year-end 2005 stock price target to $97 from $87 and his 2006 earnings forecast to $3.05 a share from $2.80. Read More