Expected Upside Gains For Leading Tech Companies (AAPL, GOOG, MSFT, INTC, ORCL)
Analysts keep predicting share price growth even in the face of a sagging global economy. How optimistic are they? Here’s a look at five technology companies — Apple Inc. (NASDAQ: AAPL), Google Inc. (NASDAQ: GOOG), Microsoft Corp. (NASDAQ: MSFT), Intel…
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Analysts keep predicting share price growth even in the face of a sagging global economy. How optimistic are they? Here’s a look at five technology companies — Apple Inc. (NASDAQ: AAPL), Google Inc. (NASDAQ: GOOG), Microsoft Corp. (NASDAQ: MSFT), Intel Corp. (NASDAQ: INTC), and Oracle Corp. (NASDAQ: ORCL) — with current price targets and implied share price gains. All data from Yahoo! Finance.
Apple Inc. (NASDAQ: AAPL) carries a mean target price of $491.60 from 47 brokers. In mid-afternoon trading today, shares were trading at $385.43, for an implied gain of $106.17, or 21.6%. Apple’s forward P/E is 11.73 and the company does not pay a dividend. The stock’s 52-week range is $290.00-$422.86, and it is trading today about 33% above its annual low, and its annual high is about 14% below the target price.
Google Inc. (NASDAQ: GOOG) has a mean target price of $723.39 from 32 brokers. Shares were trading today at $533.87, for an implied gain of $189.52, or 26.2%. Google’s forward P/E is 12.73, and the company does not pay a dividend. The stock’s 52-week range is $473.02-$642.96, and it is trading today at about 13% above its 52-week low and its annual high is about 11% below the target price.
Microsoft Corp. (NASDAQ: MSFT) has a mean target price of $31.90 from 26 brokers. Shares were trading this afternoon at $26.82, for an implied gain of $5.08, or 15.9%. Microsoft’s forward P/E is 8.57, and the company pays an annual dividend of $0.80. The stock’s 52-week range is $23.65-$29.46, and it is trading today about 13% higher than its annual low and its annual high is about 7.6% below its target price.
Intel Corp. (NASDAQ: INTC) carries a mean price target of $25.43 from 36 brokers. Shares traded this afternoon at $22.83, for an implied gain of $2.51, or 9.9%. Intel’s forward P/E is 9.32, and the company pays an annual dividend of $0.84. The stock’s 52-week range is $18.90-$23.96, and it traded today at about 21% above its annual low and its annual high is about 5.8% below its target price.
Oracle Corp. (NASDAQ: ORCL) carries a mean target price of $35.57 from 37 brokers. Shares traded at $30.80 this afternoon, for an implied gain of $4.77, or 13.4%. Oracle’s forward P/E is 11.65, and the company pays an annual dividend of $0.24. The stock’s 52-week range is $24.72-$36.50, and it traded today at about 24.6% above its 52-week low and its annual high is about 13% below the target price.
Paul Ausick
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.