Apple 2.0

Covering the business that Steve Jobs built

Apple shares fall, price targets rise

October 19, 2010: 3:15 PM ET

Source: AAPLInvestors.net

Talk about a disconnect!

Sixteen Wall Street analysts raised their Apple (AAPL) price targets Tuesday, according to AAPLInvestors.net. Meanwhile, the stock opened down $14.49 (4.6%) from Monday's close, despite a quarterly report that showed revenues that up more than 60% year over year.

The stock closed at $309.49, down $8.51 (2.68%) for the day.

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[Follow Philip Elmer-DeWitt on Twitter @philiped]

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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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