“I was looking at a one-year chart of Apple and the stock has gone from $60 to $142 in that short year. I have been recommending it all along,” Georges Yared, CIO of Yared Investment Research, writes for BloggingStocks.
Yared writes, “Some of my fellow bloggers have been trying to find reasons to kill this name for the past few months and yet the stock keeps moving up. Why not sell and take profits here at $140? Awfully tempting, isn’t it? You could, but I wouldn’t. This stock could double again over the next three years as this is the most classic growth story I have seen in a while. The multiple legs of growth have been in place and only continue to get better.”
“Professional growth fund managers are smiling broadly when the name Apple comes up in conversation. Of course, they own it and in fact, many I speak with are overweight their AAPL position. This means they own a larger than normal position, percentage wise, in their respective portfolio. The reasons are multiple,” Yared writes.
From Apple’s superior management team to strong brand name to dominating products to the growing retail store network and beyond, Yared explains why he recently revised his AAPL price target to $200 and why he foresees Apple with a $200 billion market cap and beyond in his full article here.
200 billion market cap?!!!!! Thats Microsoft territory. Or at least it will be by the time AAPL gets there.
My pension pot is staying put.
$200 before the end of next year…
me will buy more on the dip
Never assume a dip.
Is there a list yet for analysts predicting AAPL will hit $200? Call it the Different & Smart 200 club instead of the Standard & Poor top 100.
Actually, AAPL has almost tripled this year, moreso than doubling. I guess you have to round down.
So is aapl going to be another Google price-wise in three years? Are we going to see aapl prices in the several-of-hundres? Will aapl split sooner than later keeping their shares accessible?
@Mr. Peabody: It really doesn’t matter if aapl splits anytime soon as far as accessibility goes. Who buys a single share of stock anyway? The commission would kill you. It’s all based on percentage of growth, so if you invest $1,000 or $10,000 in aapl stock (rounded to the closest actual share #) it doesn’t matter what the actual price is, but how much it grows. 10% is 10%. 20% is 20%… and so on. So, don’t get all concerned about whether people can “access” aapl stock at current, or even higher prices, because they can if they’re average investors (meaning, excess income available to invest.) For those who can’t buy a single share of aapl because it hasn’t split, I highly doubt aapl is going to be making this decision to accomodate you… Personally, I think it enhances aapl’s image to be above $100+.
Jim, it’s impossible to be above $100+. That range extends to infinity.
That Git, Ballmer, must have also doubled up (with the pain of frustration)
I am going to open a chairs store on Redmond, I think lots of chairs are flying.
MW million as in: My first one selling chairs.
@Jim Bond
Who buys a single share of stock anyway? The commission would kill you.
Yeah, the commission is high for a single share, but I know some people like to give it out as a gift, check out oneshare.com, apple is in top 10.
whoever said: “but I know some people like to give it out as a gift, check out oneshare.com, apple is in top 10.”
The amount of shares bought by these kind of people is hardly going to make a difference. I other words, I don’t think they will split the stock to accommodate them!
Is anyone willing to sell me some AAPL shares in exchange for some Camel’s Milk?