Apple (NASDAQ:AAPL) stock must be the hottest and best stock to invest in at present, for those who have desire to buy this stock, there are some encouraging news. U.S. investment firm Topeka Capita lMarkets recently said, thanks to the growing performance in China and the introduction of the new TV product, Apple’s stock price will reach $1,001 within 12 months.
Topeka analyst Brian White made the above estimate, which is the highest among the 45 analysts surveyed by Bloomberg, exceeding 62% of the current Apple’s stock price. White said that thanks to the huge demand for the next generation iPhone, and the expansion of Apple’s products in the China and the global TV market, Apple’s stock price will achieve this target.
White said in a purchase recommendation report that Apple’s management should set the goal of becoming the world’s first company realizing revenues of $1 trillion and this goal will be achieved within the next 10 years. As of the fiscal year ended September last year, Apple recognized revenues of $108.2 billion.
White also predicted that the largest Asian wireless network operator China Mobile will launch the iPhone within a year and Apple will obtain millions of potential users.
White said that since the death of Steve Jobs, Apple’s stock price continues rising as the company’s relatively seamless transition and has surged more than 60% since then. Jim Cook’s performance shows he has been doing a good job since August last year.
Analyst with Piper Jaffray Gene Munster also gave Apple’s stock price a target of $1000. Munster announced he has raised the Apple’s stock price target from $718 to $910 and affirmatively said Apple’s stock price will reach $1000 in 2014.
Apple’s stock price rose 1.73%, or $10.69 on Tuesday. Over the past 52 weeks, the highest level of Apple’s stock price is $632.15 per share.
Read more articles about Apple’s stock price.