Apple has been added to J.P. Morgan’s Analyst Focus List, and the price target for the “overweight” stock increased to $390 by December of 2011. According to “AppleInsider” (http://www.appleinsider.com) Analyst Mark Moskowitz said it is the growth of the iPhone and iPad, “combined with untapped international opportunities for the Mac, that will send Apple’s stock soaring to new heights.”
The analyst is forecasting that:
° The iPhone 4 will finally push Apple past the 10-million-per-quarter threshold.
° Apple will sell 3.8 million iPads in the June quarter and 21.5 million in the company’s 2011 fiscal year.
° Apple has great potential to grow the Mac market internationally.