Apple (NASDAQ:AAPL) at Good Entry Point Says Ticonderoga

One of Apple's (NASDAQ:AAPL) biggest supporters remains Ticonderoga Securities, which still has the highest price target on the company by far. They see Apple being at a great entry point, and a good stock for value investors.

Ticonderoga says, "Despite Apple still operating in high growth mode, we believe it's a good time for value investors to take a look at the stock given the pullback in the shares last week in light of Steve Jobs's medical leave of absence, which overshadowed a big December quarter print and March quarter outlook. Although there could be further selling pressure, we believe the risk-reward is becoming so favorable that even value investors should begin buying the stock.

"With Apple's hot product portfolio, we expect the company to continue outperforming the tech sector over the next several years. For FY11, we are projecting 56% revenue growth and 54% EPS growth."

Ticonderoga maintains a "Buy" rating on Apple (NASDAQ:AAPL), which was trading at $335.32, gaining $8.60, or 2.63 percent, as of 2:09 PM EST. Ticonderoga has a price target of $550 on Apple.