In addition to last week’s study showing that lots of folks are planning to buy a Mac, Piper Jaffray has just added Apple to its Alpha List. We’re guessing that there’s no relation between this and Stephen Colbert’s Alpha Dog of the Week.
Besides having a cool name, this means, reports StreetInsider.com, that “the firm sees stock price appreciation of at least 5% over the next 90 days due to near-term catalysts.”
Of course, this wouldn’t be the first time that Piper make this rating. It happened most recently last November, just before the 2007 holiday season.
Piper says that Apple’s Back to School promotion, the as-of-the-time-unconfirmed-but-now-totally-confirmed announcement of an Apple event later this month, and Apple’s aggressive strategy for overseas expansion of the iPhone (including possibly Russia?) will help contribute to this financial growth.
[Headline changed to clarify. Apologies for any confusion. -DM]
[via MacNN]
