There is no doubt that Apple Inc. is the darling of Wall Street and the savvy investor, as it is has much room to grow.
I have have seen 2 strong research calls showing positive expectations ahead of Apple's Worldwide Developers Conference (WWDC) that kicks off on Monday, 11 June in San Francisco.
LTN's Shayne Heffernan has reiterated his Buy rating and the price target is $800.00+.
While a lot of attention has been around the potential for new Macs, Mr. Heffernan believes Apple's big news will be about its new iOS and OS X software features.
So far the focus has been on potential new hardware announcements including new Macs, but he believes the more important news may be around new iOS and OS X software features including enhanced Maps and photo sharing. AAPL continues to be one of LTN's top picks.
Also, a well-known Piper Jaffray analyst expects Apple to demonstrate its television set soon, calling it a when rather than if scenario.
Despite a steep $2,000 target price, he notes that Apple can garner as much as 10% of this television market.
And that the announcement will come in 2-H of Y 2012 and will be released 1-H of Y 2013, he, like me sees Apple's stock price tapping $1,000 within 2 yrs.
AAPL: 560.99 Down 16.74(2.90%) Jun 1, 4:00 p EDT|After Hours: 561.12 Up 0.13 (0.02%) Jun 1, 7:59 p EDT vs. a 52-week range of 310.50 to 644.00.
Paul A. Ebeling, Jnr.
Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster's Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.
Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.