Ask HN: Does anybody believe Apple stock will hit $1000 in 2011?

[mobl]

Just curious, I personally believe so, just because of their great products and cult of people following.

Would love to hear your opinions.

[brandonkm]

Where did the $1000 figure come from? Currently, their stock is hovering around $324, so an increase of $676 would be extremely unusual. 2011 will probably see a MacBook Pro refresh, a new iPad, and possibly a new iPhone. There could also be a completely new product introduced. If their stock would hit $1000, they would need a proportional increase in revenue and profits.

Given how Apple is already breaking sales records every quarter and experiencing strong demand, their stock will undoubtably rise. An increase of >200% over the course of a year is, however, unlikely.

[brk]

So you're saying you think the stock will triple?

I'm generally a fan (but not fanboi) of Apple, and like the company and their products. But I don't see them tripling in a year from where they're at now.

[johng]

I don't see that. But, I do see $450 in 2011 if they announce a Verizon iPhone which I think is likely.