Ticonderoga Maintains a 'Buy' on Apple (AAPL); Time for Value Investors to Start Taking a Good Look

January 24, 2011 10:16 AM EST Send to a Friend
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Price: $105.22 +0.37%

Rating Summary:
    55 Buy, 10 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 24 | Down: 28 | New: 14
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Ticonderoga maintains a 'Buy' on Apple (NASDAQ: AAPL), PT $550.

Ticonderoga analyst says, "Despite Apple still operating in high growth mode, we believe it's a good time for value investors to take a look at the stock given the pullback in the shares last week in light of Steve Jobs's medical leave of absence, which overshadowed a big December quarter print and March quarter outlook. Although there could be further selling pressure, we believe the risk-reward is becoming so favorable that even value investors should begin buying the stock."

"With Apple's hot product portfolio, we expect the company to continue outperforming the tech sector over the next several years. For FY11, we are projecting 56% revenue growth and 54% EPS growth."

For more ratings news on Apple click here and for the rating history of Apple click here.

Shares of Apple closed at $326.72 yesterday.


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