“The last two times we publicly advised investors to buy Apple was on Thursday, May 17, 2012 when Apple was at $530 a share and on Friday, June 17, 2011 when Apple was at $320 a share,” Zaky writes. “In both cases, Apple bottomed out on the following trading session and then went on a 30%+ rally. We have only ever published five public buy recommendations on Apple and each one was published within a few days of Apple’s final bottom. We have never missed a long-term price-target on Apple.”
Zaky writes, “Today, Apple has reached one of those very rare buy points. At $630 a share, Apple’s stock has the potential to rally over 60% over the coming 12-month period. And that’s assuming Apple merely continues to trade at the same depressed valuation it has been trading at over the last several quarters now. If Apple’s valuation were to somehow improve, we can see Apple reach $1000 a share much sooner than many expect – perhaps even as early as next July.”
Read more in the full article here.