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Another analyst expects $1,001 Apple stock within 12 months

Piper Jaffrey analyst Gene Munster has joined Topeka Capital Market's Brian White in predicting $1,001 Apple shares within 12 months

Piper Jaffrey analyst Gene Munster has joined Topeka Capital Market's Brian White in predicting that Apple will increase the value of each of its shares to $1,001 with the next 12 months thanks, in particular, to it's move into the Chinese market.

In a report Munster wrote: "Shares can reach $1,000 based on our belief Apple will continue to win in global mobile devices." Munster is maintaining a shorter-term, formal target of $910. (More below...)

According to White, massive growth in China, the Apple Television and the next iPhone, will help Apple's stock price rise to the heady heights of $1,001 per share within 12 months.

Apple's stock closed at $629.32 last night, having hit $632.21 during the days trading. Over the past twelve months Apple's share price has risen by around 80 per cent from $344.56 in 3 April 2011.


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