Prediction For Apple Stock: Gene Munster Makes Another Apple Prediction

Page 2 of 2

In the same article by AppleInsider, analysts at Topeka Capital Management share their thoughts on why they remain upbeat on Apple, even when so many others are piling on top.

“Analysts at Topeka Capital Markets remain upbeat on AAPL despite negative sentiment surrounding the stock. In a report released Wednesday — titled “Apple’s Brightest and Most Innovative Days are Ahead of It” — analyst Brian White said the firm believes Apple’s product portfolio “has never been stronger,” rated the stock a “buy,” and set a 12-month price target of $1,111.”

That is one heck of a price target, considering this video we analyzed yesterday.

Why does White feel that things are looking bright for Apple Inc. (NASDAQ:AAPL) over the next 12 months? He singled out three factors:

“First was the continuing growth of the smartphone and tablet sectors, two areas where Apple holds an enviable position as a market leader. Second were positive indications out of China, where Apple is working on a deal with the world’s largest carrier China Mobile and is now moving to position its iPhone to be more price-competitive. Finally, White pointed to the television market, which he believes is still ripe for an Apple disruption.”

Do you agree with the information provided by Munster as well as the price target set by Topeka Capital Management?

Check back here for more updates on Prediction For Apple Stock.

DISCLOSURE: I have no positions in any stock mentioned.

For more Apple news, here are several articles for your enjoyment:

A Lighter Full-Size Apple Inc. iPad Coming Soon?

Billionaire Leon Cooperman: Apple Has Upside Potential

Apple CEO Meets With China Mobile

Page 2 of 2