If you Want to Be a Billionaire, Buy Apple Stocks! Apple Shares Trading at $370 Would Boost to $540 Next Year! Needham & Co.
Wall Street has been celebrating a “Black Week” in recent sessions since every “Black Day” comes just following the previous “Black day” – a “Black Friday” comes just after a “Black Thursday”- a trading session during which Dow had to lose more than 500 points – equities are once again cascading downward due to prolonged economic uncertainties and global financial unrest.
If you have a keen look on the stock market you would see that the Dow has closed lower in 10 of the last 11 trading days, since July 21. It is really killing for share holders even Apple’s shares have been beaten a lot. Apple (AAP) shares are currently trading at $370, very lower than their $400+ highs last month.
Is it a great opportunity for buyers to purchase Apple shares at such a low price? We think, this is a million dollar question that would only be answered by some seasoned and well experienced analysts and economists who have a deep knowledge of share markets and their “Bullish” & “ “Bearish” trends. However if you only focus on Apple’s shares in the market, you would realize that their lower value is just the result of panic created by the uncertain economic conditions, not for the loss of confidence or faith in Apple. As a result, prominent investment firms are advising to buy Apple shares at this low price and in their own expertise Apple is a marvelous buy that could take off like a rocket in the months to come.
On Friday, investment giant Needham & Company jumped in front of the Dow-downer and heightened its price target for Apple stock to $540. How will we get that high? The investment firm estimates that Apple will break the bank next year on sales of a projected bastion of 54 million iPads and another 108 million iPhones.
You can also test your luck, buy Apple stocks as much as you can afford. Next year you might be enlisted in the “Fortune” list of “ Renowned Billionaires”
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