The Alpha List showcases fast-growing stock prices of companies that are likely to experience major gains in the near term, usually as a result of catalyst events. In a note to clients, Munster reiterated his "buy" rating on Apple shares with a price target of $250.
The Piper Jaffray analyst says the new iPod line-up (the 3G nano, classic and touch) will be a hit, and the iPhone and Mac lines will stay strong. Additionally, the annual excitement over MWSF (and accompanying anticipation of new product announcements) causes the stock to rise, he adds.
"Over the last four years, shares of Apple have increased by an average of 42.5 percent between Oct. 1 and Dec. 1," Munster told clients. "We believe there is potential for similar gains this year for several reasons (Apple closed at $156.34 on October 1st, 2007). In recent years Apple has announced new or updated iPods in the fall, and this year is no exception."

