Buy Apple Shares for its 2015 Price

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The lovefest for Apple Inc (AAPL) hit a new limit today, can you believe the stock will increase 174% by 2015?

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Ticker Today's Price Target Price 2015 $ Change % Change
AAPL $ 602.50 $ 1,650.00 $ 1,047.50 173.86%

Eric Jackson wrote at Forbes.com that Apple (AAPL) shares will hit $1,650 by 2012, implying a dramatic 174% return in 3 years.  Its time to sell the house and buy AAPL.

Despite the outrageous claim Jackson backs up his case for the bullish Apple run, including:
Many estimate 500 million tablets will be sold in 2015.  It’s not so hard to envision Apple retaining a 60% share and selling 300 million iPads then.

iPhone accounts from 53% of Apple’s revenues today.  Recall the product
was only announced 5 years ago.  It’s likely going to remain 44% of
Apple’s revenues by 2015.

To read his full analysis click here to go to Forbes.com

No one dares to bet against Apple at this point, could Jackson be right?  

Time will tell.

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