Analyst Raise Apple Share Target to $450, Likens iPad Growth to Hybrid Corn
It’s not often Wall Street analysts use farming analogies to explain technology stocks. However, Needham & Co.’s Charlie Wolf Monday points to the growth rate of hybrid corn to explain the rocketing popularity of Apple’s iPad tablet. Indeed, the analyst expects 35 million of all sorts of tablets will sell in 2011 – 90 percent [...]
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