Apple evangelists vs. heretics, Jan. 31

Adds a bearish update from chartist ZenPenny.com to the heretics list. 

Heretics

• Zenpenny.com, January 30, 2011

http://www.zenpenny.com/wp-content/uploads/2011/01/AAPL-1-30-11.gif

"The pattern here is the market beginning the shaking. It will get more severe than this before all is said and done." 

• Zenpenny.com, January 25, 2011

http://www.zenpenny.com/wp-content/uploads/2011/01/AAPL-1-25-11.gif

"Typically, when patterns like this occur after a large run like AAPL has had, they are reversal patterns or at the very least, the beginnings of a consolidation."

Evangelists

• Jon Najarian, Optionmonster, January 25, 2011

http://twitter.com/#!/optionmonster/status/29929259619328000

"ya think ;-) RT @lenk_ Thats right. NFC going to be big. And if you mention it on CNBC, every grandma is going to know about it."

http://twitter.com/#!/optionmonster/status/29930790875828224

"bottom line: Gets $AAPL in payment stream, bad for $V, $DFS, $MA, $AXP, $COF RT"

• Ray Merola, January 25, 2011

http://seekingalpha.com/article/248380-apple-a-sound-value-stock-for-conservative-investors?source=yahoo

"Using a 19X multiple, not much different than today's, I get a target price of $437 per share. Note that this multiple is less than the expected EPS growth rate for the upcoming one, two and five year periods. It's also less than the trailing five-year average multiple. The stock price today is about $335 a share. Therefore, this price target represents potential one-year upside of 30 percent."

• Gleacher & Co., January 19, 2011

http://www.streetinsider.com/Analyst+Comments/Gleacher+%26+Co.+Maintains+a+Buy+on+Apple+(AAPL)%3B+Margin+Structure+Headed+North+Once+Again...Target+to+$400/6223177.html

Buy rating maintained

New target: $400 (raised by 50)

• Dennis Hildebrand, Apple's Gold, January 18, 2011

http://dennyhil.blogspot.com/2011/01/q1-2011-actuals-my-grades-and-beyond.html

"I'm convinced that leadership is solid, even when Jobs retires, or backs away — Long term, this company is in great shape and I still believe that Apple will hit 590 by mid 2012. ... I'm holding my shares, I'm going to enjoy the ride all the way to 800."

• Brian White, Ticonderoga Securities, January 18, 2011

http://notablecalls.blogspot.com/2011/01/apple-nasdaqaapl-new-street-high-target.html

Maintained "buy" rating

Target: $550 (raised by 100)

• Gene Munster, Piper Jaffray, January 18, 2011

http://www.wirelessweek.com/News/2011/01/Apple-Shares-Fall-Jobs-Leave-Business/

Target: $483 (increased by $45)

• Jeffries, January 19, 2011

http://notablecalls.blogspot.com/2011/01/apple-nasdaqaapl-new-street-high-target.html

Target: $450

• Merrill Lynch/Bank of America, January 19, 2011

http://notablecalls.blogspot.com/2011/01/apple-nasdaqaapl-new-street-high-target.html

Target: $450

• Goldman Sachs, Still on Conviction Buy List, January 18, 2011

http://www.marketfolly.com/2011/01/goldman-sachs-note-on-steve-jobs-apple.html

Goldman's 12-month price target on shares of AAPL is $430.

• Citigroup, January 19, 2011

http://notablecalls.blogspot.com/2011/01/apple-nasdaqaapl-new-street-high-target.html

Target: $415

• Morgan Stanley, January 19, 2011

http://notablecalls.blogspot.com/2011/01/apple-nasdaqaapl-new-street-high-target.html

Target: $410

• James Altucher, author/investor, January 18, 2011

http://www.jamesaltucher.com/2010/12/the-one-reason-apple-will-be-the-first-trillion-dollar-market-cap-company/

"I'm still convinced the fundamentals are there to make $AAPL the first trillion dollar company." (StockTwits.com)

• Maynard Um, UBS, January 18, 2011

http://www.wirelessweek.com/News/2011/01/Apple-Shares-Fall-Jobs-Leave-Business/

Revised iPad sales estimates from 5.5 million to 6 million.

• Michael Shulman, Short Side Trader, January 18, 2011

http://seekingalpha.com/article/246925-apple-parsing-steve-jobs-memo#comment-1411649

"The company is on a roll, doubling in revenues during the Great Recession and Jobs' views are deeply embedded in the corporate culture."

• Jason Schwarz, Economic Weather Station

January 18, 2011

http://seekingalpha.com/article/246925-apple-parsing-steve-jobs-memo#comment-1411649

"The problem with selling because of the health of Steve Jobs is that his premium is not even priced into the stock. If it were, AAPL would be at $750 a share. This stock TRADES on Steve Jobs, but it is not PRICED for Steve Jobs."

January 20, 2011

http://seekingalpha.com/article/247542-apple-s-secret-ingredient-involves-more-than-just-steve-jobs

"Any selloff that we see over the next month is the result of normal Apple trading patterns and should not be confused with any kind of long term change in investor sentiment."

• Jerry Jordan, Hellman, Jordan Management Co., January 19, 2011

http://www.djnewsplus.com:80/login?URI=/article/0,,SB129538744009510614,00.html?mod=article-outset-box

"Arguably, there isn't a Steve Jobs premium," said Jordan, who said Apple shares are cheap and bought some earlier in the day.

Agnostics

• Moises Levi, January 26, 2011

http://gicharts.blogspot.com/2011/01/apple-inc-aapl-chart-analysis.html

"Yes, buy on the dip did work. Focus still on that broken trend, and the volume warning. Was the good news priced in? Sell trigger is clear. It's not your typical up trend. It will start to be more volatile. AAPL probably needs a long stable channel pattern."

Apple evangelists vs. heretics, Jan. 26

Adds Moises Levi, chartist and AAPL agnostic.

Evangelists

• Jon Najarian, Optionmonster, January 25, 2011

http://twitter.com/#!/optionmonster/status/29929259619328000

"ya think ;-) RT @lenk_ Thats right. NFC going to be big. And if you mention it on CNBC, every grandma is going to know about it."

http://twitter.com/#!/optionmonster/status/29930790875828224

"bottom line: Gets $AAPL in payment stream, bad for $V, $DFS, $MA, $AXP, $COF RT"

• Ray Merola, January 25, 2011

http://seekingalpha.com/article/248380-apple-a-sound-value-stock-for-conservative-investors?source=yahoo

"Using a 19X multiple, not much different than today's, I get a target price of $437 per share. Note that this multiple is less than the expected EPS growth rate for the upcoming one, two and five year periods. It's also less than the trailing five-year average multiple. The stock price today is about $335 a share. Therefore, this price target represents potential one-year upside of 30 percent."

• Gleacher & Co., January 19, 2011

http://www.streetinsider.com/Analyst+Comments/Gleacher+%26+Co.+Maintains+a+Buy+on+Apple+(AAPL)%3B+Margin+Structure+Headed+North+Once+Again...Target+to+$400/6223177.html

Buy rating maintained

New target: $400 (raised by 50)

• Dennis Hildebrand, Apple's Gold, January 18, 2011

http://dennyhil.blogspot.com/2011/01/q1-2011-actuals-my-grades-and-beyond.html

"I'm convinced that leadership is solid, even when Jobs retires, or backs away — Long term, this company is in great shape and I still believe that Apple will hit 590 by mid 2012. ... I'm holding my shares, I'm going to enjoy the ride all the way to 800."

• Brian White, Ticonderoga Securities, January 18, 2011

http://notablecalls.blogspot.com/2011/01/apple-nasdaqaapl-new-street-high-target.html

Maintained "buy" rating

Target: $550 (raised by 100)

• Gene Munster, Piper Jaffray, January 18, 2011

http://www.wirelessweek.com/News/2011/01/Apple-Shares-Fall-Jobs-Leave-Business/

Target: $483 (increased by $45)

• Jeffries, January 19, 2011

http://notablecalls.blogspot.com/2011/01/apple-nasdaqaapl-new-street-high-target.html

Target: $450

• Merrill Lynch/Bank of America, January 19, 2011

http://notablecalls.blogspot.com/2011/01/apple-nasdaqaapl-new-street-high-target.html

Target: $450

• Goldman Sachs, Still on Conviction Buy List, January 18, 2011

http://www.marketfolly.com/2011/01/goldman-sachs-note-on-steve-jobs-apple.html

Goldman's 12-month price target on shares of AAPL is $430.

• Citigroup, January 19, 2011

http://notablecalls.blogspot.com/2011/01/apple-nasdaqaapl-new-street-high-target.html

Target: $415

• Morgan Stanley, January 19, 2011

http://notablecalls.blogspot.com/2011/01/apple-nasdaqaapl-new-street-high-target.html

Target: $410

• James Altucher, author/investor, January 18, 2011

http://www.jamesaltucher.com/2010/12/the-one-reason-apple-will-be-the-first-trillion-dollar-market-cap-company/

"I'm still convinced the fundamentals are there to make $AAPL the first trillion dollar company." (StockTwits.com)

• Maynard Um, UBS, January 18, 2011

http://www.wirelessweek.com/News/2011/01/Apple-Shares-Fall-Jobs-Leave-Business/

Revised iPad sales estimates from 5.5 million to 6 million.

• Michael Shulman, Short Side Trader, January 18, 2011

http://seekingalpha.com/article/246925-apple-parsing-steve-jobs-memo#comment-1411649

"The company is on a roll, doubling in revenues during the Great Recession and Jobs' views are deeply embedded in the corporate culture."

• Jason Schwarz, Economic Weather Station
January 18, 2011

http://seekingalpha.com/article/246925-apple-parsing-steve-jobs-memo#comment-1411649

"The problem with selling because of the health of Steve Jobs is that his premium is not even priced into the stock. If it were, AAPL would be at $750 a share. This stock TRADES on Steve Jobs, but it is not PRICED for Steve Jobs."

January 20, 2011
http://seekingalpha.com/article/247542-apple-s-secret-ingredient-involves-more-than-just-steve-jobs
"Any selloff that we see over the next month is the result of normal Apple trading patterns and should not be confused with any kind of long term change in investor sentiment."

• Jerry Jordan, Hellman, Jordan Management Co., January 19, 2011

http://www.djnewsplus.com:80/login?URI=/article/0,,SB129538744009510614,00.html?mod=article-outset-box

"Arguably, there isn't a Steve Jobs premium," said Jordan, who said Apple shares are cheap and bought some earlier in the day.

Agnostics

• Moises Levi, January 26, 2011

http://gicharts.blogspot.com/2011/01/apple-inc-aapl-chart-analysis.html

"Yes, buy on the dip did work. Focus still on that broken trend, and the volume warning. Was the good news priced in? Sell trigger is clear. It's not your typical up trend. It will start to be more volatile. AAPL probably needs a long stable channel pattern."

Heretics

• Zenpenny, January 25, 2011

http://www.zenpenny.com/wp-content/uploads/2011/01/AAPL-1-25-11.gif

"Typically, when patterns like this occur after a large run like AAPL has had, they are reversal patterns or at the very least, the beginnings of a consolidation."

Apple evangelists vs. heretics, Jan. 25

Adding Jon Najarian, Ray Merola to the list.

Evangelists
• Jon Najarian, Optionmonster, January 25, 2011
http://twitter.com/#!/optionmonster/status/29929259619328000
"ya think ;-) RT @lenk_ Thats right. NFC going to be big. And if you mention it on CNBC, every grandma is going to know about it."

http://twitter.com/#!/optionmonster/status/29930790875828224
"bottom line: Gets $AAPL in payment stream, bad for $V, $DFS, $MA, $AXP, $COF RT"

• Ray Merola, January 25, 2011
http://seekingalpha.com/article/248380-apple-a-sound-value-stock-for-conservative-investors?source=yahoo
"Using a 19X multiple, not much different than today's, I get a target price of $437 per share. Note that this multiple is less than the expected EPS growth rate for the upcoming one, two and five year periods. It's also less than the trailing five-year average multiple. The stock price today is about $335 a share. Therefore, this price target represents potential one-year upside of 30 percent."

• Gleacher & Co., January 19, 2011
http://www.streetinsider.com/Analyst+Comments/Gleacher+%26+Co.+Maintains+a+Buy+on+Apple+(AAPL)%3B+Margin+Structure+Headed+North+Once+Again...Target+to+$400/6223177.html
Buy rating maintained
New target: $400 (raised by 50)

• Dennis Hildebrand, Apple's Gold, January 18, 2011
http://dennyhil.blogspot.com/2011/01/q1-2011-actuals-my-grades-and-beyond.html
"I'm convinced that leadership is solid, even when Jobs retires, or backs away — Long term, this company is in great shape and I still believe that Apple will hit 590 by mid 2012. ... I'm holding my shares, I'm going to enjoy the ride all the way to 800."

• Brian White, Ticonderoga Securities, January 18, 2011
http://notablecalls.blogspot.com/2011/01/apple-nasdaqaapl-new-street-high-target.html
Maintained "buy" rating
Target: $550 (raised by 100)

• Gene Munster, Piper Jaffray, January 18, 2011
http://www.wirelessweek.com/News/2011/01/Apple-Shares-Fall-Jobs-Leave-Business/
Target: $483 (increased by $45)

• Jeffries, January 19, 2011
http://notablecalls.blogspot.com/2011/01/apple-nasdaqaapl-new-street-high-target.html
Target: $450

• Merrill Lynch/Bank of America, January 19, 2011
http://notablecalls.blogspot.com/2011/01/apple-nasdaqaapl-new-street-high-target.html
Target: $450

• Goldman Sachs, Still on Conviction Buy List, January 18, 2011
http://www.marketfolly.com/2011/01/goldman-sachs-note-on-steve-jobs-apple.html
Goldman's 12-month price target on shares of AAPL is $430.

• Citigroup, January 19, 2011
http://notablecalls.blogspot.com/2011/01/apple-nasdaqaapl-new-street-high-target.html
Target: $415

• Morgan Stanley, January 19, 2011
http://notablecalls.blogspot.com/2011/01/apple-nasdaqaapl-new-street-high-target.html
Target: $410

• James Altucher, author/investor, January 18, 2011
http://www.jamesaltucher.com/2010/12/the-one-reason-apple-will-be-the-first-trillion-dollar-market-cap-company/
"I'm still convinced the fundamentals are there to make $AAPL the first trillion dollar company." (StockTwits.com)

• Maynard Um, UBS, January 18, 2011
http://www.wirelessweek.com/News/2011/01/Apple-Shares-Fall-Jobs-Leave-Business/
Revised iPad sales estimates from 5.5 million to 6 million.

• Michael Shulman, Short Side Trader, January 18, 2011
http://seekingalpha.com/article/246925-apple-parsing-steve-jobs-memo#comment-1411649
"The company is on a roll, doubling in revenues during the Great Recession and Jobs' views are deeply embedded in the corporate culture."

• Jason Schwarz, Economic Weather Station, January 18, 2011
http://seekingalpha.com/article/246925-apple-parsing-steve-jobs-memo#comment-1411649
"The problem with selling because of the health of Steve Jobs is that his premium is not even priced into the stock. If it were, AAPL would be at $750 a share. This stock TRADES on Steve Jobs, but it is not PRICED for Steve Jobs."

• Jerry Jordan, Hellman, Jordan Management Co., January 19, 2011
http://www.djnewsplus.com:80/login?URI=/article/0,,SB129538744009510614,00.html?mod=article-outset-box
"Arguably, there isn't a Steve Jobs premium," said Jordan, who said Apple shares are cheap and bought some earlier in the day.

Agnostics

Heretics
• Zenpenny, January 25, 2011
http://www.zenpenny.com/wp-content/uploads/2011/01/AAPL-1-25-11.gif
"Typically, when patterns like this occur after a large run like AAPL has had, they are reversal patterns or at the very least, the beginnings of a consolidation."

Apple evangelists vs. heretics, Jan. 19

Time for a new collection of bulls and bears now that Q1 earnings and news of Steve Jobs' medical leave are behind (barely). I'll update with previous bulls and bears periodically.
Evangelists
• Dennis Hildebrand, Apple's Gold, January 18, 2011 LINK

"I'm convinced that leadership is solid, even when Jobs retires, or backs away — Long term, this company is in great shape and I still believe that Apple will hit 590 by mid 2012. ... I'm holding my shares, I'm going to enjoy the ride all the way to 800."
• Brian White, Ticonderoga Securities, January 18, 2011 LINK

Maintained "buy" rating

Target: $550 (raised by 100)
• Gene Munster, Piper Jaffray, January 18, 2011 LINK

Target: $483 (increased by $45)
• Jeffries, January 19, 2011 LINK

Target: $450
• Merrill Lynch/Bank of America, January 19, 2011 LINK
Target: $450
• Goldman Sachs, Still on Conviction Buy List, January 18, 2011 LINK

Goldman's 12-month price target on shares of AAPL is $430.
• Citigroup, January 19, 2011 LINK
Target: $415
• Morgan Stanley, January 19, 2011 LINK
Target: $410

• James Altucher, author/investor, January 18, 2011 LINK

"I'm still convinced the fundamentals are there to make $AAPL the first trillion dollar company." (StockTwits.com)

• Maynard Um, UBS, January 18, 2011 LINK

Revised iPad sales estimates from 5.5 million to 6 million.
• Michael Shulman, Short Side Trader, January 18, 2011 LINK

"The company is on a roll, doubling in revenues during the Great Recession and Jobs' views are deeply embedded in the corporate culture."
• Jason Schwarz, Economic Weather Station, January 18, 2011 LINK

"The problem with selling because of the health of Steve Jobs is that his premium is not even priced into the stock. If it were, AAPL would be at $750 a share. This stock TRADES on Steve Jobs, but it is not PRICED for Steve Jobs."
• Jerry Jordan, Hellman, Jordan Management Co., January 19, 2011 LINK 

"Arguably, there isn't a Steve Jobs premium," said Jordan, who said Apple shares are cheap and bought some earlier in the day.

Agnostics

Heretics

Apple evangelists vs. heretics, Jan. 18

Time for a new collection of bulls and bears now that Q1 earnings and news of Steve Jobs' medical leave are behind (barely). I'll update with previous bulls and bears this week.

Evangelists
Goldman Sachs, Still on Conviction Buy List, January 18, 2011 LINK
Goldman's 12-month price target on shares of AAPL is $430.

Dennis Hildebrand, Apple's Gold, January 18, 2011 LINK
"I'm convinced that leadership is solid, even when Jobs retires, or backs away — Long term, this company is in great shape and I still believe that Apple will hit 590 by mid 2012. ... I'm holding my shares, I'm going to enjoy the ride all the way to 800."

James Altucher, author/investor, January 18, 2011 LINK
"I'm still convinced the fundamentals are there to make $AAPL the first trillion dollar company." (StockTwits.com)

Gene Munster, Piper Jaffray, January 18, 2011 LINK
Target: $438

Maynard Um, UBS, January 18, 2011 LINK
Revised iPad sales estimates from 5.5 million to 6 million.

Brian White, Ticonderoga Securities, January 18, 2011 LINK
Maintained "buy" rating
Target: $450

Michael Shulman, Short Side Trader, January 18, 2011 LINK
"The company is on a roll, doubling in revenues during the Great Recession and Jobs' views are deeply embedded in the corporate culture."

Jason Schwarz, Economic Weather Station, January 18, 2011 LINK
"The problem with selling because of the health of Steve Jobs is that his premium is not even priced into the stock. If it were, AAPL would be at $750 a share. This stock TRADES on Steve Jobs, but it is not PRICED for Steve Jobs."

Agnostics

Heretics

Apple evangelists vs. heretics

Adding Dennis Hildebrand (evangelist), Joe Nocera (heretic).
Just for fun.

Evangelists

Dennis Hildebrand, Apple's Gold, December 28, 2010 LINK

"What a quarter for Apple! How long will this go on? I'm saying Apple will surpass 100 billion in FY 2011. That's 10 billion more than my earlier post. I say this because I believe the iPad is going to explode even more than what I earlier stated."

James Altucher, hedge fund manager/author, December 30, 2010 LINK

"One can go on and on with the metrics of how Apple blows it away but lets just say that in 2013, iPad and app sales represent about 40 percent of Apple’s gross profits. Total gross profits could be about $80 billion (today is $25 billion). Cash flow could be about 75 percent of that (like it is today), or about $60 billion. Slap a 20 times multiple on that and you have a market cap of $1.2 trillion. That’s a shareprice of about $1200 by 2013."

Maynard Um, UBS analyst, January 13, 2011 LINK

UBS analyst Maynard Um just raised his target on Apple to $415 (U.S.) from $365. According to Bloomberg data, that means 19 of the 54 analysts covering Apple now expect a price of at least $400.

Michael Shulman, Michael Shulman's Short Side Trader, January 12, 2011 LINK

"Apple makes better products far more in touch with customer needs than its competitors – and charges them for that quality. Steve Jobs is asked the same dumb question at every analyst meeting – why don’t you cut prices to grab share. Answer – quality and margins are more important than share."

Jason Schwartz, January 6, 2011 LINK

"Our move to add an 8% allocation of short term AAPL calls on the first day of 2011 trading has worked out remarkably well. ... In 2011 Apple will continue its crusade into critical mass which will result in an explosion of iData consumption."

Peter Misek, Jefferies & Co., January 11, 2011 LINK

Jefferies & Co. analyst Peter Misek is bumping his target on the tech darling substantially higher, going from $365 to $450. (Note: AAPL closed at 341.64 today.)

Heretics

Joe Nocera, New York Times, January 15, 2011 LINK

"Here’s the shocker, though. According to Gartner, in the second quarter of 2009, Android sales constituted 1.8 percent of all smartphones sold, compared with Apple’s 13 percent. By the second quarter of 2010 — just a year later — Android was actually outselling Apple, 17.2 percent to 14.2 percent. This must have been a shock to the system at Apple — it was being outdone by an uncool competitor. As much as anything, the success of Android is what finally pushed Apple into the arms of Verizon Wireless, which got much better terms than AT&T."

Scott Blier, January 10, 2011 LINK

"Are these people insane? Maybe it is I who is nuts for not owning it but it will continue to ramp without me. I am almost ready to make a bet that this is the Swan Song of Apple."

Agnonstics

James Stewart, Smart Money, January 14, 2011 LINK

"I'm not sure what worlds are left for Apple to conquer. ... Nor am I convinced Apple enjoys a natural monopoly, which may be one reason chief executive Steve Jobs has been so protective of Apple's technology. This is in contrast to Google, which can justify spreading its technology around since it does have a natural monopoly in search."

Apple evangelists vs. heretics

Adding the formerly bullish (and now conflicted) James Stewart.
Just for fun.

Agnonstics

James Stewart, Smart Money, January 14, 2011 LINK

"I'm not sure what worlds are left for Apple to conquer. ... Nor am I convinced Apple enjoys a natural monopoly, which may be one reason chief executive Steve Jobs has been so protective of Apple's technology. This is in contrast to Google, which can justify spreading its technology around since it does have a natural monopoly in search."
Evangelists

James Altucher, hedge fund manager/author, December 30, 2010 LINK

"One can go on and on with the metrics of how Apple blows it away but lets just say that in 2013, iPad and app sales represent about 40 percent of Apple’s gross profits. Total gross profits could be about $80 billion (today is $25 billion). Cash flow could be about 75 percent of that (like it is today), or about $60 billion. Slap a 20 times multiple on that and you have a market cap of $1.2 trillion. That’s a shareprice of about $1200 by 2013."

Maynard Um, UBS analyst, January 13, 2011 LINK

UBS analyst Maynard Um just raised his target on Apple to $415 (U.S.) from $365. According to Bloomberg data, that means 19 of the 54 analysts covering Apple now expect a price of at least $400.

Michael Shulman, Michael Shulman's Short Side Trader, January 12, 2011 LINK

"Apple makes better products far more in touch with customer needs than its competitors – and charges them for that quality. Steve Jobs is asked the same dumb question at every analyst meeting – why don’t you cut prices to grab share. Answer – quality and margins are more important than share."

Jason Schwartz, January 6, 2011 LINK

"Our move to add an 8% allocation of short term AAPL calls on the first day of 2011 trading has worked out remarkably well. ... In 2011 Apple will continue its crusade into critical mass which will result in an explosion of iData consumption."

Peter Misek, Jefferies & Co., January 11, 2011 LINK

Jefferies & Co. analyst Peter Misek is bumping his target on the tech darling substantially higher, going from $365 to $450. (Note: AAPL closed at 341.64 today.)

Heretics

Scott Blier, January 10, 2011 LINK

"Are these people insane? Maybe it is I who is nuts for not owning it but it will continue to ramp without me. I am almost ready to make a bet that this is the Swan Song of Apple."

Apple evangelists vs. heretics

Adding another two bulls to the list: Maynard Um of UBS and author/contrarian Michael Shulman.
Just for fun.
(3:54 pm Adding James Altucher's piece.)
Evangelists

James Altucher, December 30, 2010 LINK
"One can go on and on with the metrics of how Apple blows it away but lets just say that in 2013, iPad and app sales represent about 40 percent of Apple’s gross profits. Total gross profits could be about $80 billion (today is $25 billion). Cash flow could be about 75 percent of that (like it is today), or about $60 billion. Slap a 20 times multiple on that and you have a market cap of $1.2 trillion. That’s a shareprice of about $1200 by 2013."
Maynard Um, UBS analyst, January 13, 2011 LINK

UBS analyst Maynard Um just raised his target on Apple to $415 (U.S.) from $365. According to Bloomberg data, that means 19 of the 54 analysts covering Apple now expect a price of at least $400.
Michael Shulman, Michael Shulman's Short Side Trader, January 12, 2011 LINK
"Apple makes better products far more in touch with customer needs than its competitors – and charges them for that quality. Steve Jobs is asked the same dumb question at every analyst meeting – why don’t you cut prices to grab share. Answer – quality and margins are more important than share."

Jason Schwartz, January 6, 2011 LINK

"Our move to add an 8% allocation of short term AAPL calls on the first day of 2011 trading has worked out remarkably well. ... In 2011 Apple will continue its crusade into critical mass which will result in an explosion of iData consumption."

Peter Misek, Jefferies & Co., January 11, 2011 LINK

Jefferies & Co. analyst Peter Misek is bumping his target on the tech darling substantially higher, going from $365 to $450. (Note: AAPL closed at 341.64 today.)

Agnonstics

Heretics

Scott Blier, January 10, 2011 LINK

"Are these people insane? Maybe it is I who is nuts for not owning it but it will continue to ramp without me. I am almost ready to make a bet that this is the Swan Song of Apple."

Apple evangelists vs. heretics

(Update: Tuesday, 3 p.m. HST)
Just for fun.
Evangelists
Jason Schwartz, January 6, 2011: LINK
"Our move to add an 8% allocation of short term AAPL calls on the first day of 2011 trading has worked out remarkably well. ... In 2011 Apple will continue its crusade into critical mass which will result in an explosion of iData consumption."
Peter Misek, Jefferies & Co., January 11, 2011 LINK
Jefferies & Co. analyst Peter Misek is bumping his target on the tech darling substantially higher, going from $365 to $450. (Note: AAPL closed at 341.64 today.)
Agnonstics
Heretics
Scott Blier, January 10, 2011: LINK

"Are these people insane? Maybe it is I who is nuts for not owning it but it will continue to ramp without me. I am almost ready to make a bet that this is the Swan Song of Apple."