Question Details

Can Apple stock hit $1,001 a share?

forbes.com

Can Apple stock hit $1,001 a share?

Asked by: Super Userkruijs in General » Other
Settled on 04/08/2013 20:01 Settled by Super UserJosef Biesenberger
Winning option:after Q1 2013, or never2013, or never'.

Predictions

during Q2 or Q3 2012
during Q4 2012
during Q1 2013
after Q1 2013, or never

Background

One analyst is predicting that Apple stock will hit $1,001 in the next 12 months.

Some people might call that number crazy, but Brian White, an analyst with Topeka Capital Markets who authored a report released Monday called "Apple Fever has More to Run," said if anything the valuation might be too conservative.

"All we're doing is putting a 17 multiple on the earnings for 2013 and then adding back $103.66 cash," he said. "I think it's a conservative number. For most of its history Apple's growth rate was 86% a year."

On Monday, Apple stock closed at 618.63.

http://www.latimes.com/business/technology/la-fi-tn-apple-stock-1001-a-share-20120402,0,4555071.story
http://www.forbes.com/sites/thestreet/2012/03/15/how-apples-stock-could-reach-1000/

Find similar: apple, share

Comments

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   Super UserJosef Biesenberger

Usually stock-split will reduce share-price by split-factor:
Example: Split 5:1 would cut the event from $1.001 to $200,2

   Super UserBuckeyeTom

What if the stock splits? How will this venture be measured then?

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