AAPL Surging Following Extremely Positive Analyst Comments

Apple's stock price has surged nearly 6 percent today following extremely bullish comments from Topeka's Brian White. White feels that the recent drop off in Apple's stock price has little to do with the fundamentals of the company and that the stock is ready for significant growth.

aapl

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.

Apple's stock price broke through the $700 barrier for the first time back in September but had been on a significant slide since then.

Update: Apple ended the day up $38/share, or more than 7 percent, closing at $565.

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Top Rated Comments

SuperMatt Avatar
152 months ago
In my opinion, many of these "analysts" should be investigated by the SEC. After Apple's earnings call, it was all doom-and-gloom. Now that it appears they've pushed the stock down as low as it will go, they're all "best stock EVAH!" again. They all dumped at $700, spread bad news, now they're reversing course. Bringing the stock back up should be a far easier task than crushing it for them, considering just how insanely great Apple's earnings continue to be.
Score: 40 Votes (Like | Disagree)
Agent OrangeZ Avatar
152 months ago
I remember when I bought stock at $16 a share. Best decision I ever made. </DREAM>
Score: 16 Votes (Like | Disagree)
vmachiel Avatar
152 months ago
proving once again that the stock market is total ********
Score: 9 Votes (Like | Disagree)
Patriot24 Avatar
152 months ago
Phew. I'm glad. I was really getting worried $500 billion market cap wasn't going to be enough to keep the doors open through 2013.
Score: 8 Votes (Like | Disagree)
iMaven Avatar
152 months ago
AC/DC just released their catalog to iTunes.
Score: 8 Votes (Like | Disagree)
HobeSoundDarryl Avatar
152 months ago
Well, if that's all it takes to add 31 dollars to the price, he should just call 4-5 more buddies to also post some "very positive comments" to run it right back to $700... or maybe 7-8 buddies could write some positive things to run it to $800.

Better yet, why not just deem the Apple faithful on this site as "analysts" and the stock price could run to the moon.
Score: 7 Votes (Like | Disagree)