“At $700 a share, Apple is still undervalued and could hit the $1,000 mark, said James Altucher, founder of Stockpicker.com, on Tuesday,” Cadie Thompson reports for CNBC. “But with Amazon’s new Kindle Fire HD on the way to market, the iPhone and iPad maker still faces headwinds, he cautioned.”
MacDailyNews Take: “iPad mini.”
“‘It is definitely undervalued. It could easily find its way to $1,000,’ Altucher said on CNBC’s ‘Street Signs,'” Thompson reports. “Jon Burnham, chairman and CEO of Burnham Financial Group, said he also expects the Apple’s stock price to continue to climb. ‘The answer is of course it can sell at $1,000 a share…I think it will, I don’t know when, at some point in the next couple of years or sooner,’ Burnham said. ‘This company is growing so incredibly fast, it’s hard for me to believe that it’s priced where it’s selling.'”
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