Revolution Investing: Apple Going to $1,000
With $40 billion in cash on its balance sheet, Apple can grow earnings 30% to 40% and reach a $1,000 stock price by 2015, according to MarketWatch newsletter writer Cody Willard, who points to the company’s power in apps. Veronica Dagher reports.
CNBC reporting:
Cramer Ups Price Target on Apple
Shares of Apple will not reach just $300 a share, Cramer said Tuesday, but $325.
Apple [AAPL] is not only the top technology company and best manufacturer on earth, Cramer said, it’s also the best retailer. With its Mac computers and iPhone, iPad and iPod product lines, it’s selling into the music, phone, communications, server, laptop, desktop, television, gaming, social networking and fashion businesses. All that combined, Cramer said, means the company is doing “much better than anyone is expecting.”
Sounds like AAPL stock is a no brainer ‘guaranteed’ winner no matter what according to the above articles. Talk about being emotionally invested!
Diana 7:09 AM on September 16, 2010 Permalink | Log in to Reply
Acampora on Bloomberg online claiming Dow to rise 23% by July.