I continue my talk about Apple stock in this post. The stock price has gone up by almost 50 percent in just 3 months, from about $360 to finishing at $545.18 at the close on Friday. I wish I had bought like some lucky investors did when the stock was just $250. But I didn’t, so now I have to see the best possible decision at this point.
I think conservative and aggressive investors can still benefit from buying shares of Apple. But I feel that there will be a pullback for the stock price as is the case with any stock that is being highly touted by the media and has been rising so quickly. In terms of the long term trend, Apple stock should continue to keep going up and most analysts agree with this.
The reason is that Apple has a lot left in its tank when it comes to its renowned innovative products and technologies that people across the globe clamor up to purchase even though they are more of a want than a need. The market share of Apple continues to grow abroad and many have speculated that we may have the planet’s first trillion-dollar company on our hands soon.
What should encourage investors even more is the fact that when you just look at China, Apple could add a further 30 million to 50 iPhone sales in 2012. A conservative investor can look to buy Apple at $420 or so as the price has been dropping and this should be a good target price. From then on, the stock price should just continue to keep going up barring any volatility that should be expected from a hot stock like Apple.