It’s readily apparent that not all market analysts expect Apple to do poorly in the coming months. In fact, Apple stock prices have seen an upward trend today following a positive comment from international securities firm Goldman Sachs.
A report published by firm analyst Joe Moore suggests that Apple will do well over the next few months. Moore said that Apple’s new product lineup would enable them to buck the negative trend experienced by other PC manufacturers. Moore said to expect a 25 to 30 percent upswing in Apple’s stock over the next six months.
Analyst Joe Moore suggested that Apple’s strong iBook sales and continued PowerBook G4 sales should help the company achieve results in-line with previous guidance. Moore also doesn’t expect rumors of slowing iMac sales to put a damper on the company’s quarterly earnings. Moore noted that by year’s end, Apple would refresh the Mac OS, its consumer and professional laptop lines, and the iMac. Moore called his price target of $26 to $28 per share for Apple stock “conservative.”
Goldman Sachs’ information contrasts starkly to a dour (and controversial) prediction from IDEAadvisor which MacCentral posted info about yesterday.