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Analyst sees Apple's stock hitting $2000 by 2015

Posted: , posted by Alan F.

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Analyst sees Apple's stock hitting $2000 by 2015
With some Elliott Wave proponents looking for a drop to $510 in Apple's stock, there are many who expect the stock to rise sharply. Take independent analyst Andy M. Zaky. Unlike technical analysts who look at the action of the stock itself to predict where a stock is going, Zaky uses fundamental analysis which looks at the business and earnings of a company. Zaky uses a stock's P/E (Price to Earnings ratio) to determine if a stock is a buy or a sell and the analyst says that even if Apple's current P/E of 14 doesn't move higher, the stock will be $2000 by 2015.

Apple's stock over the last 5 years
Zaky makes that call by assuming that the "E" part of the equation, earnings, will rise sharply. From its current trailing twelve months earnings figure of $41.04 a share, the analyst sees Apple's TTM earnings more than tripling to $145.96 by the fourth quarter of 2015. That would work out to a stock price of $2,043.44 at the current P/E ratio, giving the company a two trillion dollar market cap. Apple would then be worth more than any company has ever been valued at in the history of world markets.

Zaky sees 55 million units of the Apple iPhone shipping in the first quarter of 2013 with 80 million units being shipped the next year. For the first quarter of 2015, the analyst expects Apple to ship 110 million units of its iconic smartphone. He says that 2014 will see Apple's peak as a growth company and  this growth will stall as the tech giant become a mature firm in 2015. And for those keeping track, during 2015 we should see the 9th generation Apple iPhone launch.

source: AppleInsider

Apple has continuously been able to raise its earnings



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