Apple (AAPL) Hits New High; Jefferies Lifts Target to $900

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					Robert DeFrancesco’s
TechStockProspector.com
August 17, 2012


Apple (AAPL) Hits New High; Jefferies Lifts Target to $900
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*Strategy Update: Q2 tech earnings
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*OpenTable delivers tasty results
*Unlocking value in Symantec
*Qlik Technologies navigates European slowdown
*Guidewire Software moves insurers to the cloud
*Is Akamai Technologies getting its momentum back?
*LinkedIn making social work
*Why some big money managers like Ultimate Software
*Assessing Citrix Systems amid the changing networking landscape
*Is Palo Alto Networks worth the price?
*Sourcefire builds its networking security deal pipeline
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*Acme Packet pushes out rebound hopes to 2013
*More new highs for one small-cap cloud-software player
*TSP Deal Report: Eloqua IPO revs up

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Jefferies ups its Apple (AAPL, $645.71) price target to $900 from $800
on increased iPad builds and the pending launch of the new iPhone.

The firm also says its checks indicate that both the iPad Mini and iTV (an actual
Apple TV set) are already in production. Jefferies expects an iTV launch as early as
the December quarter.

Something to note: There are plenty of skeptics who don’t think an Apple TV set will
be released anytime soon. And the iPad Mini remains just a rumor.
For fiscal 2013 (ending Sept.), Jefferies sees EPS of $63 a share, well above the
consensus estimate of $52.50. This analyst is baking in these new products to his
forecast, so that’s why the numbers are so different.

Apple shares today hit a new high at $645.97. The momentum players are getting
back into Apple now that the stock has lifted off from its July pivot low of $570.

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Tech-Stock Prospector Managing Editor Rob DeFrancesco has more than 20
years of experience covering the tech sector. He is a former senior writer with
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Description: Apple shares have surged off the July low