Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Apple Inc. (AAPL) Is Still a ‘Buy’ After the Stock Split: Timothy Arcuri

Following the recent 7-to-1 stock split, the stock price of Apple Inc. (NASDAQ:AAPL), its stock price declined to around $93 per share, from around $650 price tag it had before. While the current investors of Apple are unaffected by the stock split, the stock has become more affordable for other retail investors. In a recent interview on CNBCTimothy Arcuri, the Managing Director of Cowen and Company said that the stock split, combined with the launch of new products is a good thing for Apple’s stock and might send it higher.

Apple Inc. (NASDAQ:AAPL)

Before the stock split, many analysts have raised the target price for Apple Inc. (NASDAQ:AAPL), some of them even raised it to the $700 mark. However, with the split, the company has taken this “mental ceiling” of investors’ tables, Mr. Arcuri stated.

“There is a lot to be interested in here. There is a lot to be excited about in the back half of the year. We talked about two major new products coming out, there is the iPhone 6 coming out, there is going to be a wearable product coming out. […] Multiple is still not even where it was if you strip out the cash, multiple still is not where it was when it [Apple] peaked the last time,” Mr. Arcuri added.

In this way, the managing director of Cowen and Company is certain that people should expect the launch of the two new products from Apple Inc. (NASDAQ:AAPL) later this fall, the iPhone 6 and the iWatch. The latter, in Mr. Arcuri’s opinion might add as much as $2 per share in terms of earnings, before the split.

Moreover, the wearable device will help to show Apple Inc. (NASDAQ:AAPL) as an innovative company, As Mr. Arcuri stated, Apple managed to amass a significant market share of the high-end Smatphone market, even without adding the larger display, which was done by its competitors.

Overall, Mr. Arcuri said that he still considers Apple Inc. (NASDAQ:AAPL) a ‘Buy’, even after the stock split and taking into account that Apple still has a lot of cash in the books, even after it spent $3 billion for the acquisition of Beats Electronics.

Watch the full interview below:

Disclosure: none.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!