Tag: piperjaffray

Stock broker Piper Jaffray has increased its price target from US$52 to $100 due to its recent survey of iPod owners, reports CBS Marketwatch. “We believe that the remarkable satisfaction with the iPod creates a word-of-mouth wildfire that generates new customer interest in Apple products,” the broker told clients.

Analysts at Piper Jaffray on Friday initiated coverage of Apple with a “market perform” rating. The firm set their target price to US$30. No further details were available.