After quite a while of hovering around the high 50’s and low 60’s, it’s seems that Apple Computer may once again be on the rise on Wallstreet. Apple’s current $68 per share price comes partially as a result of an analyst’s upgrade of the company.
Keith Bachman, an analyst at Bank of America, claimed today that a strong demand for Apple’s MacBook computer and a possible upgrade of the iPod nano later in the year earn Apple a “buy” rating and target price of $79. Bachman noted, however, that he was not taking the possibility of an iPhone into consideration, which he expects to be introduced in 2007.
