Icahn Defends His Call on Apple (AAPL) Buyback
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Apple (AAPL) Garners Bullish Comments from Another Sell-Side Analyst; Price Target Raised to $150 at UBS
February 13, 2015 8:46 AM ESTUBS maintained a Buy rating on Apple (NASDAQ: AAPL) and raised its price target to $150.00 (from $130.00). Analyst Steven Milunovich made bullish comments regarding its ecosystem, referring to the iPhone as the sun, the Apple Watch as a planet, and services the gravity in the Appleverse.
"Although Apple the device company took the market cap to $700bn, Apple the platform company may take it to $1tn. As a multi-sided platform, iOS is mostly monetized through hardware with software... More
Icahn Updates Model on Apple (AAPL); Sees Valued at $216/Share
February 11, 2015 2:51 PM ESTAs noted only on StreetInsider.com a few hours ago, Carl Icahn posted an update on Apple (NASDAQ: AAPL) Wednesday afternoon, raising his price target on the stock from $203 to $216.
Icahn also noted the stock continues to trade at a significant discount to the market with a multiple of 10X versus 17X for the S&P 500. He is calling on Tim Cook and Apples Board of Directors to "take advantage of this dramatic market value anomaly and increase the magnitude and rate of share repurchases while this remarkable opportunity still exists."
Icahn owns... More
