Over at Teekay’s

Sometimes I’d love to be one of the folks who sit in front of a desk all day, rate stocks, and make millions. Check this out, from the Mac Observer:

Analyst Robert Semple [of CSFB] raised the price target for AAPL [Apple] from US$40 per share to $45. In his research note, a copy of which was obtained by The Mac Observer, Mr. Semple wrote: “We believe the next leg of Apple’s share price ascension will be driven by success in the PC market, where the Mac has just completed its second consecutive quarter of share gain.”

So far so good: a PC maker is upgraded because of gains in the PC market. But then read this:

He continued: “We expect iPod to continue to deliver strong growth, but its position as the HDD and flash MP3 market leader will eventually limit its growth to that of the market. In the PC market, however, Apple’s 2% share has significant upside opportunity regardless of market growth.”

I’m probably just too dense for this, but is he really saying that having a small market share is cool because it leaves you room to grow?