Our estimate: Apple stock to hit $140 by June
It feels like we are doing such a good job predicting an imminent Apple stock jump that we think maybe we should do that as our full-time gig. Only one day after we predicted Apple stock would reach over $130 by June, Apple is almost at $120. To be fair, the larger market also rose by 3%, fueled by positive earnings news from Wells Fargo.
Today, there are renewed rumors of an imminent Apple tablet product, as reported by Engadget. On top of that CNET is also reporting that Steve Jobs has been actively been involved with Apple’s key decisions, including the design of this rumored “iTablet”.
We believe that all of this can only help propel Apple’s stock even further.
April 11th, 2009 at 9:04 pm
I’m crossing my fingers…
June 1st, 2009 at 11:50 pm
[...] in early April, we predicted that Apple’s stock price would hit $140 by June (see our previous blog post). Well, if you have listened to us, you would have made almost 20% on your investment in less than [...]