It is very well known that just about every single analyst out there loves Apple Inc. (NASDAQ: AAPL). After it is all said and done, what is not to like? The company has moved from a thorn in the side of Hewlett-Packard Co. (NYSE: HPQ) and Dell Inc. (NASDAQ: DELL) to a serious player in computing and consumer electronics. It is now the most enviable company and has almost $100 billion in cash and liquidity and it is fighting with Exxon Mobil Corporation (NYSE: XOM) for being the most valuable company by market capitalization.
It is always interesting to see what happens after blowout earnings in consensus price targets. The Thomson Reuters consensus price target has moved from about $515 ahead of earnings to about $560 now after earnings. That number may even tick higher in the coming days. We noted just yesterday the new highs where targets are now in some cases up to $650 for Apple stock.
Apple is currently #2 in market cap again behind Exxon Mobile but it is now way ahead of rival Microsoft Corporation (NASDAQ: MSFT) and its market cap rate of about $248 billion.
JON C. OGG
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