And hit $1,500 before the end of 2014, predicts the manager of an Apple-only hedge fund
FORTUNE — The last time Bullish Cross‘ Andy Zaky issued a public recommendation — as opposed to the advice he administers daily to his paying clients — was May 18.
I mention this because Zaky, a former Fortune contributor who now runs the only Apple hedge fund I know of, has a pretty good track record on these things — like four for four. (See here.)
In his May post he predicted that Apple would hit $750 sometime before the end of January. When the stock crossed $700 in after-market trading Monday — up 32% since his last buy signal — he followed up with another public posting — this one laying out his Apple price targets for the next two years. He sees Apple going to
- $750 before the end of January 2013,
- $850 in late summer or early fall 2013,
- $1,000 in late December or early January 2014,
- $1,500 by the end of 2014, and
- $2,000 sometime in 2015
Mark your calendars.
You can read Zaky’s reasoning here.
For a more mainstream view, see Analysts scramble to keep their targets ahead of Apple’s price.