What was I thinking? There was a time, not more than a few years ago, when we had the opportunity to purchase Apple stock for $13 a share. When it doubled and went to $26, we thought it was too high. Ditto for $100, $160, $240, $300 an higher.
Where is Apple’s stock price headed?
Canaccord Genuity analyst Mike Walkley this morning raised his price target on shares of Apple (AAPL) to $515 from a prior $510, writing that in Q2, when Apple toppled Nokia (NOK) to become the world’s largest seller of smartphones by volume, the company’s share of the handset industry’s profit rose from 51% to 57%.
What goes up, must come down, right?