“And while he doesn’t come out and say it directly, he basically suggests Apple could easily get to $1,000 a share in the next four years,” Yarow reports. “Officially, he raised his price target to $710 from $630.”
Yarow reports, “How do we get from $710 to $1,000? Because Reitz[es] says Apple can generate $300 billion in annual revenue, and $75 in annual EPS, by the end of 2015.”
Read more in the full article here.
[Thanks to MacDailyNews Reader "Dan K." for the heads up.]