“Topeka Capital Markets analyst Brian White… who made headlines back in April by setting a $1,001 target on Apple shares, has raised that price to an even headier high: $1,111,” John Paczkowski reports for AllThingsD.
“Which is an interesting target, and not just for its numerical symmetry,” Paczkowski reports. “As I’ve noted here before, Apple will become the world’s first trillion-dollar company when its share price hits about $1,072.”
Paczkowski reports, “So, by setting his target at $1,111 per share, White is predicting that Apple’s market cap will hit a trillion dollars sometime in 2013.”
Read more in the full article here.