For any of our members who are investors in Apple stock, or who are simply interested in how well the company is doing, here's an intriguing story for today. Famous investor Carl Icahn has such high praise for Apple and its business right now, he publicly stated his belief that Apple's stock is greatly undervalued right now.
Icahn believes that Apple's stock is worth $200 per share, which is roughly twice its current $101 value. Additionally, Icahn believes in Apple's near-future so much, he is suggesting the company ramp up its stock buy-back program. This will have the double effect of having the company invest in itself and will further drive up the stock price.
Icahn also shared he believes analysts are predicting Apple's projected earnings too conservatively. He believes Apple's revenue will move 25% and earnings will surge 44% to $9.61 a share next year, based upon massive sales of the iPhone and the success of several of Apple's products, including Apple Pay.
Here's a quote with more of the details why Icahn is so bullish on Apple stock right now,
Source: Yahoo Finance