Apple’s gains stand out among tech stocks

“More enthusiasm for Apple Inc. helped the tech sector show some signs of life Tuesday as an influential Wall Street analyst estimated the world’s most valuable company’s stock could reach $1,000 a share within two years,” Rex Crum reports for MarketWatch.

“Before the market’s open, Gene Munster of Piper Jaffray issued a research note in which he raised his price target on Apple AAPL +1.55% to $910 a share from $718, and estimated that the stock will reach $1,000 in 2014,” Crum reports. “Munster said such a valuation would make Apple the world’s first company with $1 trillion market cap.”

Crum reports, “Among the reasons Munster gave for his views are a belief that Apple will continue to gain global market share in mobile devices and there will be a greater shift in market cap from competitors over to Apple. The company already has a market cap of almost $600 billion, according to data from FactSet Research.”

Read more in the full article here.

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Underestimating Apple: Analyst consensus plays catch-up – April 3, 2012
JP Morgan ups Apple price target; significantly boosts iPhone, iPad estimates – April 3, 2012
Piper Jaffray ups Apple price target to $910; sees world’s first trillion-dollar market cap – April 3, 2012
Topeka Capital initiates Apple coverage with ‘Buy’ rating, $1001 price target – April 2, 2012

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