Loading...
Loading...
Earlier on CNBC, the Senior Analyst at Sanford Bernstein discussed his bullish take on Apple
AAPL and his doubt that the leveraged buyout of Dell
DELL would happen.
Apple
-Stock is entering "growth purgatory"
-When this happens, there is a tremendous turnover in shareholder base
-Apple is no longer a hyper growth company; can no longer grow at 40-50% per year
-Will reduce to 10-15% growth, simply due to size
-A year ago, 29% percent of value funds owned Apple, now 40% own it
-Holding firm with $750 price target and Outperform rating, believe that by the end of next year Apple will have $200 billion in cash
Dell
-Does not believe the Dell leveraged buyout will happen
-Very large bet for 1-3 principles going forward
-Risky environment as the PC market goes through a lot of change
-When push comes to shove, deal will not be done
-Believes company will continue to use cash to buy companies that will make it more of an enterprise player
Shares of Dell traded up 2.77 percent to $12.63 early Tuesday afternoon while Apple traded down 3.08 percent to $486.31.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in