“Eyebrows raised on my scenario explaining how Apple (AAPL) stock could reach $800 per share,” Richard Saintvilus writes for TheStreet. “People called this notion loopy. Apple shares closed Thursday at $538.79, roughly 48% below my price target.”
“But is Apple at $800 a crazier prediction than the $1,250 per share target Carl Icahn believes the company can reach in two years?” Saintvilus writes. “Ask Cantor Fitzgerald analyst Brian White. While citing strong revenue growth from Apple’s relationship with China Mobile, White issued a $777 price target on Apple shares back in January. When you consider that Apple stock has already appreciated 41% in the past 12 months, I don’t see what’s so crazy about the 40% to 50% rise that my price target calls for.”
Saintvilus writes, “It’s going to happen sooner than you think.”
Read more in the full article here.
There needs to be some momentum and that typically starts with pundits pumped the stock. $800 still seems a long way to go. I would be happy if it reaches $600 soon.
Patience, Grasshoppah!
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Apple will need to turn Tim Cook into the next Jesus Christ before the stock will hit $800. And we know what happened to Apple’s original Jesus Christ – he’s six feet under. So there won’t be any Lazarus like effect on Apple stock since no one, other than the true Jesus Christ himself, can raise Steve Jobs from the dead.
As I have said all along, Wall Street expects magic innovation from Apple that an iPhone can cough up GOLD, MONEY, GOURMET DINNER, immortal-forever-handsome-men & beautiful-women. Then AAPL will hit $800 as simple as that.
Your comment speaks volumes about your faith in the other 80,299 employees at Apple. You wear Cognitive Dissonance well; The X-Files promoting Christianity?
Steve Jobs was no Jesus Christ. Both wore sandals, but that’s all and Apple’s success isn’t attributed to Christianity, it’s just science.
Apple’s stock isn’t dead either. If only you could afford to buy a share, huh?
Hallelujah baby I’ll have a bit of what you are on mate.
I still believe. Not worried. iPhone 6 will kick Ass. If they can pull off an incredible iWatch that makes peoples lives easier. It will sell.
Hell I bought a mood ring because it changed colors. But mine was always black. Ha ha.
I think we’re going to see $520 before we see $550. It will take about 6-9 months before we get to $575 again. This prediction is based on the fact that the street does not value AAPL at all as a growth stock and won’t until Apple releases new products. Even then, the initial reaction from the street on any new product that they may release will be to push the stock lower. That will continue until Apple is able to show that the product(s) actually appeal to buyers. iCal this.
Don’t need to iCal you are clearly right.
It’s a good time to sell GOOG for AAPL. Google is experiencing a growing brand distrust due to Adwords monopoly pricing.
AAPL will easily hit $960 by November. Once AAPL is past $575 there is very little resistance.
Get real. Of course once it drops to $500 who knows where the bottom will be.
I got in at fifteen. 🙂
Me too, and then it split 2:1. I make my original investment back every quarter.
The best Apple can do with iPhone 6 is catch up. As long as Apple ignores the features of the competition because it “ain’t invented here”, then don’t expect much. This” keep it simple and dumbed down” philosophy is not exciting and if it ain’t exciting then who wants AAPL?
Yeah because Apple’s competition have figured out how to design 64-bit Desktop class chips supporting biometrics and TouchID.
Producing a larger iPhone is not catching up!
Yep. Until Apple makes a cheap net book it will be doomed. Everyone knows that. Lol
Actually I would love to see Apple come out with an announcement of a larger screen. Then announce the iPhone 6 at the same size!!!!! Then announce that the iPad mini can now access the phone thru the iPad. The phone doing the connect and the pad doing large size.
Now that would be a hoot.
Just saying
Who are these idiots who keep putting out these half baked projections? Google is ruling the roost these days and clearly have an edge on market penetration with a wide array of offerings that has Apple and MSFT playing catch up. Apple stock price will end the year at a value close to what it is today.
They are the pump and dump artists pretending to be Wall Street anal. Yst.
A wide array of offerings? What wide array of hardware is Google offering?
Google and wide array of products?..
Do you live in Colorado?
this is not 2007. the price of AAPL no longer has anything to do with Apple’s performance in any way whatsoever. AAPL is, to put it lightly, a highly manipulated stock. someone mentioned above that AAPL will not get to 800 unless the next iPhone can cook you dinner (or something like it, it doesn’t really matter). they could release the iPhone 6 featuring a money dispenser and a blow-job from Bill Gates and most people would guess that that would be enough to push the stock to 800. maybe. maybe not.
point is, nothing makes AAPL go up or down these days except market manipulation. I think many of us, myself included, used to be able to predict fairly reasonably where AAPL would go and when it would go there—those days are over.