{"id":337071,"date":"2017-03-29T21:03:33","date_gmt":"2017-03-29T13:03:33","guid":{"rendered":"https:\/\/www.macrumors.com\/2017\/03\/29\/aapl-soars-as-golden-opportunity-to-buy-remains\/"},"modified":"2017-03-29T21:03:33","modified_gmt":"2017-03-29T13:03:33","slug":"apples-stock-soars-past-1000-pre-split-price-as-bulls-think-golden-opportunity-to-buy-remains","status":"publish","type":"post","link":"https:\/\/people.utm.my\/asmawisham\/apples-stock-soars-past-1000-pre-split-price-as-bulls-think-golden-opportunity-to-buy-remains\/","title":{"rendered":"Apple’s Stock Soars Past $1,000 Pre-Split Price as Bulls Think ‘Golden Opportunity’ to Buy Remains"},"content":{"rendered":"

AAPL<\/a> rose over 2 percent on Tuesday to close at $143.80, a new all-time high. The stock also surpassed a per-share price of $1,000 when adjusted for Apple’s 7-for-1 stock split<\/a> in June 2014. Apple now has a market valuation of over $750 billion on its path towards becoming the world’s first trillion dollar company.<\/p>\n

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The milestone comes as longtime Apple analyst turned venture capitalist Gene Munster said now remains a “golden opportunity”<\/a> to buy Apple stock. Munster said his new firm Loup Ventures has a $180 to $200 price range for AAPL, and he expects “clear sailing” for Apple investors in the months ahead.<\/p>\n

Apple analyst Brian White of brokerage firm Drexel Hamilton maintained his “buy” rating for AAPL today, with a price target of $185. He continues to believe that Apple remains “among the most underappreciated stocks in the world” and that “Apple has Samsung on the ropes like never before in recent memory.”<\/p>\n

An excerpt from White’s latest research note obtained by MacRumors<\/em>:\n<\/p>\n

\n

With Apple operating on all cylinders and a strong iPhone launch expected this fall, combined with the rise of more China-based competitors, we believe the pressure is on Samsung to deliver a strong upgrade without any missteps. We believe if Samsung stumbles again, the company’s position in the smartphone market could be permanently impaired.<\/p>\n<\/blockquote>\n

Apple analyst Steven Milunovich of investment bank UBS has maintained his “buy” rating for AAPL as well, with a price target of $151 set in late February. In a bullish scenario where Apple has “caught the next major trend,” he believes the stock’s price could reach $200 within the next two years or so.<\/p>\n

Apple is widely expected to benefit from another “supercycle” of iPhone upgrades<\/a> this year, given a “large than ever” base of existing customers with an iPhone 6 or older device. Apple’s stock price has also been fueled by excitement surrounding a rumored 5.8-inch iPhone with an edge-to-edge OLED display<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

AAPL<\/a> rose over 2 percent on Tuesday to close at $143.80, a new all-time high. The stock also surpassed a per-share price of $1,000 when adjusted for Apple’s 7-for-1 stock split<\/a> in June 2014. Apple now has a market valuation of over $750 billion on its path towards becoming the world’s first trillion dollar company.<\/p>\n

\"\"
\n
\nThe milestone comes as longtime Apple analyst turned venture capitalist Gene Munster said now remains a “golden opportunity”<\/a> to buy Apple stock. Munster said his new firm Loup Ventures has a $180 to $200 price range for AAPL, and he expects “clear sailing” for Apple investors in the months ahead.<\/p>\n

Apple analyst Brian White of brokerage firm Drexel Hamilton maintained his “buy” rating for AAPL today, with a price target of $185. He continues to believe that Apple remains “among the most underappreciated stocks in the world” and that “Apple has Samsung on the ropes like never before in recent memory.” <\/p>\n

An excerpt from White’s latest research note obtained by MacRumors<\/em>:<\/p>\n

With Apple operating on all cylinders and a strong iPhone launch expected this fall, combined with the rise of more China-based competitors, we believe the pressure is on Samsung to deliver a strong upgrade without any missteps. We believe if Samsung stumbles again, the company’s position in the smartphone market could be permanently impaired.<\/p><\/blockquote>\n

Apple analyst Steven Milunovich of investment bank UBS has maintained his “buy” rating for AAPL as well, with a price target of $151 set in late February. In a bullish scenario where Apple has “caught the next major trend,” he believes the stock’s price could reach $200 within the next two years or so.<\/p>\n

Apple is widely expected to benefit from another “supercycle” of iPhone upgrades<\/a> this year, given a “large than ever” base of existing customers with an iPhone 6 or older device. Apple’s stock price has also been fueled by excitement surrounding a rumored 5.8-inch iPhone with an edge-to-edge OLED display<\/a>.<\/p>\n

Tags: Gene Munster<\/a>, Brian White<\/a>, AAPL<\/a> <\/div>\n

Discuss this article<\/a> in our forums<\/p>\n

\n<\/img><\/a> <\/img><\/a>\n<\/div>\n

\"\"\/ <\/p>\n","protected":false},"author":5817,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[25],"tags":[68,69,59,26],"class_list":["post-337071","post","type-post","status-publish","format-standard","hentry","category-technology","tag-apple","tag-macrumors","tag-media","tag-technology"],"_links":{"self":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/posts\/337071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/users\/5817"}],"replies":[{"embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/comments?post=337071"}],"version-history":[{"count":0,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/posts\/337071\/revisions"}],"wp:attachment":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/media?parent=337071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/categories?post=337071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/tags?post=337071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}