Analysts expect Apple shares to go far beyond $300

Apple Online Store“Apple’s (AAPL) approach to $300 brings it close to a $274 billion market cap, second only to Exxon Mobil’s (XOM) $315 billion value as the largest U.S. companies by stock value,” Scott Moritz reports for TheStreet.com. “Apple sits high atop the tech sector, with Microsoft now a distant second at $214 billion.”

“But even as Apple continues to climb to all-time highs, some analysts see reason to point even higher. On Monday, for example, Canaccord analyst Mike Walkley raised his price target for Apple by $10, to $366,” Moritz reports. “Still, as bright as Apple’s prospects may seem against other gadget makers, it doesn’t have the richest valuation among its tech peers.”

Moritz reports, “As one long-time Apple investor said regarding Apple’s $300 stock price: ‘I don’t know what to do. It’s hard to sell Apple when it’s the only stock I have that’s going up.'”

Full article here.

55 Comments

  1. “The upshot of all this is that Apple investors can still find reasons — although fewer and fewer — that Apple isn’t necessarily overvalued at $300.” Scott Moritz

    That is damning with faint praise. It’s not a positive to talk about “fewer and fewer” rasons to invest, nor is it positive to mention “overvalued”. Why can’t he say it’s undervalued when its PE ratio is not even as high as Google’s or Qualcomm’s? Instead he calls higher PEs, “most treasured”!

    You have to read the code between the lines. Frigtards like Moritz cannot ever let their Apple hate go.

  2. “The upshot of all this is that Apple investors can still find reasons — although fewer and fewer — that Apple isn’t necessarily overvalued at $300.” Scott Moritz

    That is damning with faint praise. It’s not a positive to talk about “fewer and fewer” rasons to invest, nor is it positive to mention “overvalued”. Why can’t he say it’s undervalued when its PE ratio is not even as high as Google’s or Qualcomm’s? Instead he calls higher PEs, “most treasured”!

    You have to read the code between the lines. Frigtards like Moritz cannot ever let their Apple hate go.

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