Leading Wall Street Analyst Sets AAPL Price Target at $1001
We all knew this day was coming.
Following AAPL's meteoric rise in the last twelve months, shares of the world's most profitable company are projected to continue climbing, that's according to leading analyst Brian J. White, who recently transitioned from Ticonderoga Securities to Topeka Capital Markets.
White is the first analyst to formally project shares of AAPL topping $1000. And he isn't the least bit reserved about projecting just how much further this stock can go before cooling or leveling off some.
"Driven by an ever expanding portfolio of innovative products," he said Monday, "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."
Of course, White isn't merely pulling these numbers out of thin air or the dark recesses of some bodily crevasse. He believes the introduction of Apple's much awaited but still unconfirmed connected HDTV will be provide the tipping point for AAPL and drive the stock to dizzying heights.
"Apple's digital grid is tough to match and iCloud further strengthens this ecosystem, however, Apple is missing an important product and that is a full blown TV," White concludes. "We believe the pieces are in place for a launch over the next year, driving an entirely new $100 billion market opportunity, while further strengthening the company's digital grid and providing customers with a new TV experience."