“On Thursday, with a new pair of analysts assigned to [Apple Inc.], FBR re-initiated coverage with a market-high price target of $185,” Philip Elmer-DeWitt reports for Fortune.
At that price, Apple’s market value would exceed $1 trillion.
“To get to $185, FBR’s Daniel Ives and James Moore had to multiply their 2016 EPS estimate by 20,” P.E.D. reports. “Apple’s 12-month trailing P/E ratio — the one that matters, I’m told — is 17.03.”
More info, including current price targets for Apple from many analysts, in the full article here.
MacDailyNews Take: To the moon!