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AAPL Surging Following Extremely Positive Analyst Comments

Today, Apple’s stock price has surged nearly six percent, which is a large amount for any company. The rally is due to¬†extremely bullish comments from Topeka’s Brian White. White believes that the recent drop in Apple’s share price has¬†little to do with the fundamentals of the company and suggests that the stock is ready for significant growth.

In our view, the sell off in Apple’s stock over the past eight weeks has gotten to the point of being “insanely insane” given the depressed valuation (CY13 P/E of 7.6x ex-cash), new blockbuster products for the holiday season, the attractive long-term growth opportunities that lie ahead and the Company’s ability to distribute significant cash flow to investors. Those investors that have missed Apple or have been under-weight the stock, now have another opportunity to buy Apple before sentiment takes a turn for the positive during what has historically been the strongest quarter of the year for the stock.

Back in September, Apple’s stock price broke the $700 price mark for the first time ever, but has seen a significant fall since.

 

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