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Apple Stock predicted to hit $1,000 driven by 4G LTE iPhone 5, Enterprise iPad Adoption and Emerging Markets

Mar 14 2012, 5:12am CDT | by , in News | Apple

Apple Stock predicted to hit $1,000 driven by 4G LTE iPhone 5, Enterprise iPad Adoption and Emerging Markets

AAPL is trading at close to $570 right now. Morgan Stanley analyst Katy Huberty predicts in a best case scenario that Apple stock will touch $1,000 within a year.

The Apple stock is on a roll right now. Yesterday it closed at almost $570. The launch of the new iPad is likely pushing the stock over $600. According to Fortune, Katy Huberty with Morgan Stanley sees the AAPL stock at $960 within a year in the bull case. Her base case is at $720 and when the disaster strikes the Apple stock is down at $400. 

Huberty sees the adoption of the iPad in the enterprise, an LTE iPhone 5 and the still untaped market potentials of China and other emerging markets as the main driver for the Apple stock value.

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