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I'm not afraid to make bold predictions.
That's particularly true when it comes to placing a target price on a fast-moving tech stock.
You folks know all about my prediction that Apple Inc. (Nasdaq: AAPL) will reach a split-adjusted price of $1,000 a share by Labor Day 2016.
Turns out, the stock is ahead of my projections. As of Feb. 27, AAPL is at $130, just 9.9% from hitting that milestone ($142.85 post-split), with 19 months until my target date.
I bring this up to make sure you all know that when I make my next big call I have the track record to back it up.
And I'm going to make that call right now – it's one that will double your money by 2018.
Let's get started…
The Social Network
So let's talk about why I predict that Facebook Inc. (Nasdaq: FB) will double to $161.36 a share in the next three years.
But before we do that, let's talk about why Wall Street just doesn't seem to understand the incredible value the stock represents.
I think the reason is simple. Many on the Street just don't trust Facebook because they still think of it as a social networking site for young people.
As the saying goes, "That was then, this is now." Facebook has moved well beyond its early days as a site just for teens and young adults to friend each other online.
Facebook is now, indisputably, the world leader in the social networking market, one that forecasters IBISWorld estimates at $9 billion. The research firm says that between 2009 and last year the industry grew by 36% a year.
And within that rapidly growing social networking market, Facebook is a business that meets the mandate of Rule No. 5 of my Tech Wealth Secrets – "Target stocks that can double your money."
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About the Author
Michael A. Robinson is one of the top financial analysts working today. His book "Overdrawn: The Bailout of American Savings" was a prescient look at the anatomy of the nation's S&L crisis, long before the word "bailout" became part of our daily lexicon. He's a Pulitzer Prize-nominated writer and reporter, lauded by the Columbia Journalism Review for his aggressive style. His 30-year track record as a leading tech analyst has garnered him rave reviews, too. Today he is the editor of the monthly tech investing newsletter Nova-X Report as well as Radical Technology Profits, where he covers truly radical technologies – ones that have the power to sweep across the globe and change the very fabric of our lives – and profit opportunities they give rise to. He also explores "what's next" in the tech investing world at Strategic Tech Investor.