William (Bill) Patalon III is the Executive Editor and Senior Research Analyst for Money Morning. Before he moved into the investment-research business in December 2005, Bill spent 22 years as a journalist, most of it covering financial news as a reporter, columnist, and editor that included stints withGannett Co. Inc., and The Baltimore Sun.
Today Bill is the creator and editor of Private Briefing. With his latest project, he takes you "behind the scenes" of his established investment news website for a closer look at the action. Members get all the expert analysis and exclusive scoops he can't publish... and some of the most valuable picks that turn up in Bill's closed-door sessions with editors and experts.
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The average analyst Apple stock price prediction right now is $121.95.
But Money Morning Chief Investment Strategist Keith Fitz-Gerald thinks that target is too low. He has an Apple stock price target of $200, despite a slide that has chopped 20% from the AAPL price over the past year.
Fitz-Gerald’s thinking is based on a quickly growing part of Apple’s business that most analysts have ignored.
Here’s how this segment will lead Apple stock to $200…
Tags: Apple stock
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