04-03-2012
Apple Shares Touted to Top $1,000
An investment analyst is advising his clients that Apple shares could continue to soar and will top $1,000 within the next 12 months.
Previously, such irrational exuberance about Apple shares would be dismissed outright but Apple stock prices have doubled in the past 12 months, rising from $310 to $628. Much of that surge has happened in the first three months of 2012 as Apple soared from $405 to $600 on a huge surge in revenue and profits.
Topeka Capital Markets analyst Brian White wrote in an April 2 note to investors: “Driven by an ever expanding portfolio of innovative products, a growing integrated digital grid, unmatched aesthetics and a brand that is able to touch the soul of consumers of all backgrounds, Apple fever is spreading like a wildfire around the world and we see no end in sight to this trend.”
With its 50% share price increase in Q1, Apple is already the world’s most valuable company, but Apple fever could replace gold fever as the new mania for 2012.



