J. R. Ransom's taosmultimedia.com - Analyst Bullish on Apple Sales Growth

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Apple Tech News

Analyst Bullish on Apple Sales Growth

An analyst predicted Wednesday that Apple's shares will trade higher by the end of next year, with revenue boosted by new products such as the iPhone and iTV. Morgan Stanley analyst Rebecca F. Runkle raised her target price to US$110 from $90, and said in a note to investors the computer and iPod maker's expanding portfolio, growing distribution force and opportunities at increasing market share all lead to an "Overweight" rating for the stock.

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