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Old 09-28-2009, 09:30 PM   #5 (permalink)
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Weisel just put a $210 price target on AAPL. Seems a bit aggressive to me. I don't know if the business is strong enough to justify that price target right now, considering that the economy is still kind of rough. Unemployment may have stabilized (or maybe not), but it's definitely not started to recover yet.

IMHO, the risk/reward favors RIMM more right now, especially after the ~25% correction in RIMM's shares in the last couple of days. They have yet to reap the benefits of the new BlackBerry models in the pipeline like the Storm 2 and 9700, as well as the lower-end 85xx.

On my charts AAPL looks a little toppy on a simple historical basis while RIMM looks to have more upside, at least in the short term.
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