- Notorious bull, Kaufman Bros. analyst Shaw Wu is out with a report this morning, advising investors that Apple’s stock could rise from its current $119 to $152. Apple stock has already risen 45% in the past few and Shaw thinks it will rise another 26% as we approach Apple’s WWDC event in June. He says (provided by BusinessWeek):
First, its WWDC event in June where we anticipate its new iPhone 3.0 software to ship as well as the introduction of new iPhone hardware. Second, we see the launch of Snow Leopard as a further catalyst for the Mac business, which has already seen a boost from its recent desktop refreshes (iMac, Mac mini, and Mac Pro). And last, the potential for a new form factor, perhaps Apple’s answer to the netbook, with a large screen iPod touch-Mac hybrid. In addition, we also see potential for lower service plan pricing and an AppleTV update.
- If all these products arrive at WWDC on June 8-12, combined with a Steve Jobs reappearance (Apple PR says he will be back in a months time), it’s a sure thing stock will be rising even higher than $152 in my opinion.