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  • Wall Street Reacts Favorably to Last Weekend's New iPad Sales


    As MMi reported Monday morning, the iPad mini and 4th generation iPad combined for 3 million sales during their opening weekend of availability.

    The news was sufficient enough to give shares of Apple a small boost after a recent wave of selling that has driven the price of AAPL down significantly from its record high seen in September. Analysts also appeared encouraged by the news.

    Keith Bachman with BMO Capital Markets says Apple shares will bounce back from their preset $584 level to a $730 price target maintained by Bachman. J.P. Morgan’s Mark Moskowitz maintains an Overweight rating on Apple shares and a $770 price target.

    Brian White of Topeka Capital is way ahead of his contemporraies, calling for an $1,111 price target. “Overall," White says, "we believe this is a strong print and greater supply of the iPad mini would have allowed for greater sales.”

    A majority of industry watchers and Wall Street analysts predict that Apple will sell at least 35 million (if not substantially more) iPads (minis and regular sized models) during this holiday quarter.

    Source: Barron's
    This article was originally published in forum thread: Wall Street Reacts Favorably to Last Weekend's New iPad Sales started by Michael Essany View original post
    Comments 4 Comments
    1. *T*'s Avatar
      *T* -
      Honestly, who came up with the 1,111 price point?
    1. thazsar's Avatar
      thazsar -
      Quote Originally Posted by *T* View Post
      Honestly, who came up with the 1,111 price point?
      Brian White
    1. AKCHRIS's Avatar
      AKCHRIS -
      I've seen one..it's nice if ya never had a iPad2 you could EASILY mistaken it for a HD version of the iPad3 just smaller.
    1. rickktrailor's Avatar
      rickktrailor -
      I read that it's going to be like a prequel, like before ipad . perfume sample