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Apple is no longer doomed

03
Jul
2014

For a while, analysts spent most of their time describing the many ways Apple was doomed. But now their tune may be changing, at least when it comes to Apple’s stock price. According to a recent survey of analysts by Fortune, now over 60% of analysts predict Apple’s stock price will rise above $100. This is a significant increase from a year ago, when only 4 out of 45 analysts predicted that Apple’s stock price would rise above $700, the $100-equivalent of Apple’s stock price since its 7-for-1 stock split last month. Analysts’ expectations now range from a low of $87.00 from Morningstar’s Brian Collelo to a high of $124 from Hilliard Lyons’s Stephen Turner. The average is above $100

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