Apple was rated as a "strong buy", Friday, by analyst Jason Wells of Wit SoundView.
Wells expects Apple stock to yield $1.85 per share for the financial year 2000, and predicts $2.14 per share for 2001. Over the next six months he expects Apple’s share value to reach $76. Apple’s shares rose to $58.0625 by close of business yesterday in response to the news, a gain of just under $2 since Thursday’s close.
Apple is regarded as a Buy/Strong Buy by 22 analysts, against four who rate the stock as a Hold.