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How high will AAPL fly?

October 21, 2009: 9:47 AM ET

Wall Street, caught flat footed by Apple's latest earnings, issues a slew of new price targets

Having scrambled to catch up to Apple's (AAPL) rising share price in advance of the company's quarterly earnings report, analysts fell over themselves the next day issuing price targets to reflect the buying orgy that took the stock over $202 a share in after-hours trading Monday.

According to the running list maintained at AAPLinvestors.net, 23 analysts raised their targets on Tuesday, to prices that ranged from $210 (Goldman Sach's David Bailey) to $280 (UBS' Maynard Ums).

The AAPLinvestor list, maintained as a labor of love by a former adman (and Apple shareholder) named Terry Gregory, is copied below the fold. [Note Gregory does not include Jim Cramer's price target; you can draw your own conclusions.]

See also:

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Company
Analyst
Date
Rating
Target
UBS
Maynard Um
20 Oct 2009
Buy
$280
Piper Jaffray
Gene Munster
20 Oct 2009
Overweight
$277
*RBC Capital Markets
*Mike Abramsky
*20 Oct 2009
*Outperform
*$275
Caris & Co.
Robert Cihra
20 Oct 2009
Buy
$260
Pacific Crest
Andy Hargreaves
20 Oct 2009
Outperform
$260
Canaccord Adams
Peter Misek
20 Oct 2009
Buy
$250
Credit Suisse
Bill Shope
20 Oct 2009
Outperform
$250
BOA/Merril Lynch
Scott Craig
20 Oct 2009
Buy
$250
Citigroup
Richard Gardner
20 Oct 2009
Buy
$250
Macquarie
Phil Cusick
20 Oct 2009
Outperform
$250
Deutsch Bank
Chris Whitmore
20Oct 2009
Buy
$250
BMO Capital Markets
Keith Backman
20 Oct 2009
Outperform
$245
Thomas Weisel Partners
Doug Reid
20 Oct 2009
Overweight
$245
Morgan Stanley
Katy Huberty
20 Oct 2009
Overweight
$235
Needham & Co
Charles Wolf
20 Oct 2009
Strong Buy
$235
Oppenheimer
Yair Reiner
20 Oct 2009
Outperform
$235
AmTech Research
Brian Marshall
20 Oct 2009
Buy
$235
Barclays Capital
Ben Reitzes
20 Oct 2009
Overweight
$235
Sanford Bernstein
Toni Sacconaghi
20 Oct 2009
Outperform
$230
Susquehanna
Jeffery Fidicaro
20 Oct 2009
Positive
$221
JMP Securities
Samuel Wilson
10 Oct 2009
Outperform
$220
J. P. Morgan
Mark Moskowitz
20 Oct 2009
Overweight
$220
Standard & Poor
Clyde Montevirgen
20 Oct 2009
Buy
$220
Goldman Sachs
David Bailey
20 Oct 2009
Neutral
$210
Kaufman Bros.
Shaw Wu
2 Oct 2009
Buy
$214
FTN Equity
Bill Fearnley
21 Sep 2009
Neutral
$180
Argus
Wendy Abramowitz
11 Sep 2009
Buy
$195
William Blair
Ralph Schackart
3 Sep 2009
Outperform
Societe Generale
3 Jun 2009
Buy
$160
Collins Stewart
Ashok Kumar
3 Jun 2009
Buy
$170
Cross Research
Shannon Cross
23 Apr 2009
Buy
$160
Morgan Keegan
Tavis McCourt
23 Apr 2009
Outperform
Think Equity
Vijay Rakesh
23 Apr 2009
Buy
$150
Gabelli
Robert Haley
20 Apr 2009
Hold
Calyon Securities
Shelby Seyrafi
24 Feb 2009
Underperform
$90
* RBC (Royal Bank of Canada) disclosure information: RBC is a major investor in RIMM. In addition, RBC's Chief Operating Officer, Barbaras Stymiest, sits on the Board of Directors at RIMM.
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About This Author
Philip Elmer-Dewitt
Philip Elmer-DeWitt
Editor, Apple 2.0, Fortune

Philip Elmer-DeWitt has been following Apple since 1982, first for Time Magazine, and now on the Web for Fortune.com.

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