January 29, 2008
Piper Jaffrey still bullish on AAPL
Posted Jan. 29, ’08, 10:16 AM PT by Cyrus Farivar
Category | Money
While Apple’s stock price has taken a nosedive since Expo, PJ’s Gene “I heart AAPL” Munster remains a cheerleader for the Cupertino powerhouse.
Thomson Financial:
Piper Jaffray Analyst Gene Munster reiterated his buy rating and $250 price target on the stock. Munster acknowledged that market data ‘clearly shows that growth in the standalone MP3 player market is slowing.’ He said that for Apple to meet Wall Street expectations of 4% iPod unit sales growth in March, vs. 5% growth in December, he expects the company to introduce cheaper, innovative iPods with Wi-Fi and multi-touch technology.
Meanwhile, El Jobso is apparently telling investors to “hang in there.”
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