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Monday, 24 October 2011 - Apple stock to jump 25 percent over next year: Barron's |
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    Read more with google mobile : Apple stock to jump 25 percent over next year: Barron's |

      Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Green Business Legal Deals Earnings Summits Business Video Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia Afghan Journal Africa Journal India Insight Global News Journal Pakistan: Now or Never? 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Credit: Reuters/Michaela Rehle Sun Oct 23, 2011 1:36pm EDT (Reuters) - Shares of a handful of large tech companies including Apple Inc, Oracle Corp and eBay Inc are likely to increase by more than 20 percent over the next year, according to Barron's. The financial publication listed 10 tech stocks as its top picks in its weekly edition on Sunday. The No. 1 pick for 2012 is data-storage company Fusion-io Inc, which Barron's highlighted as a possible takeover target. The paper placed a $52 price target on Fusion-io over the next year, indicating the stock will more than double. Barron's also said some larger technology names are primed for sharp increases. Although Apple's earnings disappointed investors last week, Barron's said the stock could rise 25 percent over the next year. Apple shares on Friday closed at $392.87. Barron's cited a likelihood for market-share gains and increased sales of Apple's latest iPhone model, as well as the potential for share buybacks or a dividend under new Chief Executive Tim Cook. Apple rounded out the Barron's list at No. 10. The paper also predicted that Oracle shares would rise 25 percent to $40 over the next year on steady revenue gains, and that eBay shares will rise 24 percent, to $40, because investors are underestimating revenue growth from its non-auction businesses. Oracle came in at No. 2 on its top 10 list and eBay was No. 8. Hewlett Packard also received a bullish prediction from Barron's, which estimates that its stock will rise 21 percent, to $30, over the next six months, purely on valuation. "Whatever your opinion of new CEO Meg Whitman, the price looks too extreme," said Barron's, which put H-P as its No. 7 pick. Rounding out the paper's list were Tibco Software, with a 12-month price target of $35; Electronic Arts Inc, with a two-year target of $40; Nuance Communications, with a 12-month price target of $30; Ancestry.com, with an 18-month price target of $44; and Fortinet Inc, with a three-year price target of $25.65. (Reporting by Lauren Tara LaCapra in New York; Editing by Leslie Adler) Technology Hot Stocks Asian Markets Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (2) LaughingBoy48 wrote: If Apple shares rise 25% then Amazon’s shares will rise 50%. Apple stock is probably one of the most manipulated stocks on the planet. I doubt that any share rise in Apple can be counted on. I’ve heard people say that even if Apple increased its revenue much more, the stock would barely rise and the P/E would just be compressed further because of the type of company it is. Apple’s P/E will never return to earlier levels no matter how much money the company makes. No one can even count on Apple actually making some large acquisition to quickly increase the value of the company. Microsoft and Google will be making all the acquisition moves because they’re always looking to make big leaps the way Wall Street likes them. Quick money is the way Wall Street likes to play it. With Apple, it’ll be slow going as they try to do everything themselves. Apple appears to be a very frugal company considering how much money they’re accumulating. Oct 23, 2011 3:24pm EDT  --  Report as abuse LaughingBoy48 wrote: If Apple shares rise 25% then Amazon’s shares will rise 50%. Apple stock is probably one of the most manipulated stocks on the planet. I doubt that any share rise in Apple can be counted on. I’ve heard people say that even if Apple increased its revenue much more, the stock would barely rise and the P/E would just be compressed further because of the type of company it is. Apple’s P/E will never return to earlier levels no matter how much money the company makes. No one can even count on Apple actually making some large acquisition to quickly increase the value of the company. Microsoft and Google will be making all the acquisition moves because they’re always looking to make big leaps the way Wall Street likes them. Quick money is the way Wall Street likes to play it. With Apple, it’ll be slow going as they try to do everything themselves. Apple appears to be a very frugal company considering how much money they’re accumulating. Oct 23, 2011 3:24pm EDT  --  Report as abuse See All Comments » Add Your Comment Social Stream (What's this?)   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Contact Us Advertise With Us Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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