Analysts: Apple Stock May Hit $700
Analysts: Apple Stock May Hit $700_Boosted by the favorable factor that the new ipad is sought after by consumers around the world, a group of analysts have raised their respective Apple stock price targets to over $700 per share. Over the past five years, the Apple stock price has accumulatively increased by an amazing amount of 555 percent. Read the related post about Morgan Stanley analyst raised the Apple stock price target.
In contrast with the continuous rising of the Apple’s market share, the Apple’s rivals lost ground, and the stock prices of the Apple’s rivals sunk. Hewlett-Packard, has been trying to compete with Apple in the field of smart phone, tablet PC and the Desktop PC, saw its shares declined 41 percent over the past 12 months; Over the same period, the Nokia shares saw a decrease of 40 percent while the RIM stock price dropped significantly by more than 79 percent.
As of Wednesday’s market close, The Apple stock price gained accumulatively 555 percent in the past five years, 543 percent higher than the Standard & Poor’s 500 Index’s increase over the same period. Since 2007, Apple’s profit margin has been 43 percent higher than the average profit margin of the Standard & Poor’s 500 Index.
source: beststockwatch