Despite losing 20 percent of its value over the last couple of weeks (since September), Apple’s stock (AAPL) is on the rise again, climbing 5 percent today on news from an analysts that he’s still a fan of the stock. It seems that in order to stop the bleeding, all it took was some positive words from Topeka Capital Markets’s Brian White.
Calling the current stock price “insanely insane,” White reaffirmed that he still sees Apple’s stock rising to over $1000.00 per share. Back in April White opined that Apple stock could hit as high as $1,111. He still believes the stock can hit that high.
While the sell off of stocks from Apple’s VPs over the last couple of weeks likely didn’t help the cause, it seems that the company’s stock is set to see a steady rebound towards its previously traded numbers.
Put it this way, if Brian White is right, you may want to start picking up a ton of Apple stocks. There’s a lot of money to be made.
As always, I should state that I do not own any Apple stock. I really should have spent a semester worth of cash on Apple stock back when it was around $30.00 per share. I’d probably be sipping on drinks with little umbrellas instead of writing about this stock dive right now. Anyway, yeah… zero stocks owned on my part…