Financial analysts responded with enthusiasm to Apple’s announcements at the WWDC keynote on Monday.
- Kaufman Brothers analyst Shaw Wu upped his 12 month price target for Apple Stock to $176, up from $160
- Ben Reitzes of Barclay’s upped his price target of Apple Stock to $173, up from a previous target of $155
- Staying strong was Needham and Company’s Charlie Wolf, who maintained his relatively high price target of $200
- Robert Chira of Claris & Company raised his price target for the stock to $170, up from a previous target of $150
A slew of other analysts maintained their current price targets. They include:
- Kathryn Huberty of Morgan Stanley who maintains a price target of $180 for Apple
- Mike Abramsky of RBC maintained a price target of $165 for the stock
- Citigroup analyst Richard Gardner kept his target price for Apple shares at $152
- UBS analyst Maynard UM maintained his $130 price target for Apple
- Yair Reiner of Oppenheimer maintained his price target of $160 for Apple
- And finally, our old friend Gene Munster maintained his $180 price target for Apple
Apple closed out the trading day on Tuesday at $142.72. In light of Apple’s iPhone announcements, hitting $150 a share seems very do-able in the next few weeks. Meanwhile, UBS’s $130 target for Apple seems unusually low. If any readers have any thoughts or insights regarding the direction of Apple’s stock price, please share them below in the comments.