A little more than a year later, we have made amazing gains of 48%.
If you play it right, we stand to gain at least another 27% from here.
In fact, I've put a date on it.
Today, I want to tell you that date – and I'm going to show you how we'll get there…
Making a Killing on Wall Street-Shunned Apple Stock
When I mentioned that $1,000 prediction during a TV appearance on FOX Business, I thought host Stuart Varney was going to jump out of his chair.
And Stuart regularly asks me if I stand by my forecast of a split-adjusted $142.85 share price. Indeed, I do – and I think we'll get there by Labor Day 2016.
At the time I first made that call, Apple was largely out of favor, a fact that many investors forget now that the stock is up 41% in the past year.
Starting Sept. 19, 2012, AAPL stock slid nearly 44% from its split-adjusted peak of $100.30. While the uptrend started in June 2013, even in October of that year, many investors and Wall Street analysts were still skeptical.
But I had a good reason for my prediction. It's Rule No. 2 of my five-part Tech Wealth System, which says to "separate the signal from the noise."
A chorus of critics were suggesting that Apple had lost its way under new CEO Tim Cook. They said that without the late legendary Steve Jobs at the helm, Apple was destined to flounder.
That was the noise. But this was the signal – Cook had a distinguished career in the computer industry before Jobs recruited him in 1998. And Jobs had a lot of faith in Cook.
Wall Street has awoken to the fact that Cook is a shrewd CEO who knows how to keep the Silicon Valley giant on the cutting edge of high tech while still racking up great profit margins.
Take the case of Citigroup analyst Jim Suva. On Dec. 8, he raised his target price for the stock by 12.5% to $135.
About the Author
Michael A. Robinson is a 35-year Silicon Valley veteran and one of the top technology financial analysts working today. He regularly delivers winning trade recommendations to the Members of his monthly tech investing newsletter, Nova-X Report, and small-cap tech service, Radical Technology Profits. In the past two years alone, his subscribers have seen over 100 double- and triple-digit gains from his recommendations.
As a consultant, senior adviser, and board member for Silicon Valley venture capital firms, Michael enjoys privileged access to pioneering CEOs and high-profile industry insiders. In fact, he was one of five people involved in early meetings for the $160 billion "cloud" computing phenomenon. And he was there as Lee Iacocca and Roger Smith, the CEOs of Chrysler and GM, led the robotics revolution that saved the U.S. automotive industry.
In addition to being a regular guest and panelist on CNBC and Fox Business Network, Michael is also a Pulitzer Prize-nominated writer and reporter. His first book, "Overdrawn: The Bailout of American Savings" warned people about the coming financial collapse - years before "bailout" became a household word.
You can follow Michael's tech insight and product updates for free with his Strategic Tech Investor newsletter.