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Topeka Capital initiates Apple coverage with ‘Buy’ rating, $1001 price target

Monday, April 2, 2012 · 8:57 am · 12 Comments

“It was bound to happen. The only question was who would do it first,” StreetInsider reports.

“That is a $1000 price target on market darling Apple (AAPL),” StreetInsider reports. “Well today Topeka Capital beat the crowd to the punch. In somewhat of an attention-grabbing way, Topeka initiated coverage on Apple with a Buy rating and $1001 price target.”

Read more in the full article here.

Categories: News

Tags: aapl, AAPL price target, Apple price target, Apple stock, finance, price target, Topeka Capital

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Comment Feed

12 Comments

TFlint

Monday, April 2, 2012 - 9:15 am · Reply

I’ll wait for Apple to hit the $650 price target, the $700 price target and the $750 price target before I start caring about these attention seekers.
TimD

Monday, April 2, 2012 - 9:17 am · Reply

Apple goes all the way up to $1111
BMWTwisty

Monday, April 2, 2012 - 9:25 am · Reply

And who-the-hell is “Topeka Capital”?
- BMWTwisty
  
  Monday, April 2, 2012 - 12:10 pm · Reply
  
  Never mind. Topeka Capital is actually Brian White, formerly of Ticonderoga. He’s had a $666 target on the stock for a while. On CNBC talking about big iPad sales, the mythological large-screen “iPhone 5″ and a touch screen computer. BS.
  
  Nonetheless, all discussions are favorable toward AAPL on the segment – atypically.
Markim

Monday, April 2, 2012 - 9:31 am · Reply

Did Topeka Capital anounce it today or yesterday?!
squiggles

Monday, April 2, 2012 - 9:33 am · Reply

Since that firm uses a STRPR-BASS predictive model for future growth, it’s really not all that surprising that they have AAPL topping a grand.
- mrbezoar
  
  Monday, April 2, 2012 - 12:01 pm · Reply
  
  These guys carp that AAPL’s price could eventually perch that high. However, the world economy may flounder, leaving suckers high and dry. I hope this is not a red herring.
Laughing_Boy48

Monday, April 2, 2012 - 10:17 am · Reply

April Fools’ joke is a day late and not all that funny.
skylark

Monday, April 2, 2012 - 10:19 am · Reply

Hmmm … AAPL topping!
warbux

Monday, April 2, 2012 - 10:21 am · Reply

Given fwd looking earnings and appl’s ability to hold a p/e of 15-17… just which part do you think is a joke?
MacHeadB

Monday, April 2, 2012 - 3:35 pm · Reply

At least $700 this Year! AAPL will surpass Googles share price soon!

A fine bottle of Champagne will be opened when AAPL surpasses GOOG share price
GM

Monday, April 2, 2012 - 7:22 pm · Reply

It will hit 500 before it ever hits 750. I’d consider that a buying op. It could hit $1001 some day but not this year. As a AAPL investor I hope there is a pull back then a run up to at least $750. Would be more icing on my cake.