Wells Fargo Maintains an 'Outperform' on Apple (AAPL); Voice Is The Killer App (Again)!
Tweet Send to a FriendGet Alerts AAPL Hot Sheet
Price: $433.26 -0.3%
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade AAPL Now!
Wells Fargo maintains an 'Outperform' on Apple (NASDAQ: AAPL) price target range of $460-$480.
Wells analyst says, "We attended Apple’s big iPhone event on Tuesday, 10/4, and came away feeling good; probably better than most about the new line-up. While there is obvious disappointment that the company did not release a new form factor iPhone 5 – we think the upgraded iPhone 4S provides plenty of new features to promote upgrades. The new phone is to be available for pre-order on October 7 and available in stores on October 14. The company also added Sprint to its list of US carriers."
"As we previewed on Monday, we still believe that the bigger news coming out of the event is the enhancements in iOS 5 and in iCloud. We believe the Siri virtual assistant that is integrated into iOS is revolutionary, and a clear differentiator for Apple."
For more ratings news on Apple click here and for the rating history of Apple click here.
Shares of Apple closed at $372.50 yesterday, with a 52 week range of $277.77-$422.86.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Wells analyst says, "We attended Apple’s big iPhone event on Tuesday, 10/4, and came away feeling good; probably better than most about the new line-up. While there is obvious disappointment that the company did not release a new form factor iPhone 5 – we think the upgraded iPhone 4S provides plenty of new features to promote upgrades. The new phone is to be available for pre-order on October 7 and available in stores on October 14. The company also added Sprint to its list of US carriers."
"As we previewed on Monday, we still believe that the bigger news coming out of the event is the enhancements in iOS 5 and in iCloud. We believe the Siri virtual assistant that is integrated into iOS is revolutionary, and a clear differentiator for Apple."
For more ratings news on Apple click here and for the rating history of Apple click here.
Shares of Apple closed at $372.50 yesterday, with a 52 week range of $277.77-$422.86.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Apple (AAPL) Streaming Music Service Could be Delayed - The Verge
- Needham & Company Remains on Sidelines wth Applied Materials (AMAT) Post Q2
- UBS Survey Shows Signs of Strength for Gilead's (GILD) TAF
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Wells Fargo
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
