Gene Munster has officially outed himself as Apple fanboi #1. How else can you explain that he’s the first financial analyst to put Apple’s target stock price over $200? He’s gone all the way to $205.
“Conversations with investors over the past month suggest awareness of potential for iPhone units is high, but awareness of potential resulting impact to earnings is low,” he wrote. “If Apple can sell 45 million units in CY09, the earnings power and historical multiple ranges suggest our price target is reasonable.”
You read that right, he thinks Apple will sell 45 million iPhones. That’s a lot of “Hello”s. That must also be music to Apple’s cellular partners present and future. What European carrier wouldn’t want a piece of that?
