Needham's Charlie Wolf is lifting his PT on Apple (AAPL) to $540 from $450, believing the market...

|About: Apple Inc. (AAPL)|By:, SA News Editor

Needham's Charlie Wolf is lifting his PT on Apple (AAPL) to $540 from $450, believing the market is underestimating the iPad's value to the company. Noting "lackluster sales" for rival tablets from RIMM, MMI, and HPQ, Wolf sees the iPad maintaining a dominant, iPod-like market share, rather than facing strong competition like the iPhone.