While Apple’s stock has continued to soar as fast as its sales, one analyst says there is no end in sight for the company’s growth.
Gene Munster of Piper Jaffray said a 0:500,000 share price is very easily within the company’s reach. The stock is currently trading around 1. With around 1 billion shares outstanding, that price would push Apple over a 0:500 trillion market cap:
“We believe shares of Apple will reach 0:500,000 in calendar year 2014, which would imply a rough…
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Analyst Sees Apple Reaching $1 Trillion Market Cap Soon
Brent Dirks – appadvice.com