Piper Jaffray Analyst Maintains ‘Buy’ Rating, $250 Price Target

February 20, 2008 at 5:02 pm Leave a comment

     Gene Munster of Piper Jaffray has reiterated his buy rating on Apple stock and his estimated price target of $250. He made the announcement in a note to clients Wednesday after Apple introduced a new 2GB Shuffle model. Munster’s bullish outlook is a reaffirmation of the direction Apple is taking amidst unrealistic market expectations in recent months, which have driven the price of the stock down by more than 35 percent.

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D.S.

Entry filed under: AAPL shares, iPod. Tags: , , , , .

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