Tag: forbes-piper-jaffray

A story on Forbes today notes that Gene Munster, a research analyst at Piper Jaffray, maintained an “outperform rating on Apple, saying the company is “poised to post results that are in-line to slightly above expectations for the March quarter.” Munster cautioned, however, that these extrapolations are based on only one month in the quarter, January. His 12-month price target for the stock remains at US$103. Read More

Gene Munster, a research analyst with Piper Jaffray, maintained an “outperform” rating and a US$80 price target on Apple, and included the stock in his top picks for calendar 2006, along with Adobe and Avid Technology, reports Forbes.

Gene Munster, a Piper Jaffray research analyst, Gene Munster, maintained an “outperform” rating and US$79 price target on Apple after “follow-up checks on iPod inventory showed third-party retailers struggling to replenish supply,” reports Forbes. “Late last week, Munster found that eight of ten Apple stores in his checks had all varieties of iPod in stock, while only two of the 20 third-party retailers checked had all varieties of iPod, but not all colors,” notes the story.

A story on Forbes today notes that research firm Piper Jaffray maintained an “outperform” rating and US$52 price target on Apple, this on the news from IDC that Apple’s marketshare has grown in the second quarter (see previous report).

Forbes is reporting that Piper Jaffray maintained an “outperform” rating on Apple with a US$52 price target, citing the company’s improved production efficiency and strong demand. “Apple is continuing to improve production efficiency as supported by the fact that most products are being shipped on the same business day as the day of the order placement,” the research firm said.