Of all the Apple stock price predictions out there, this may be the boldest: AAPL shares will reach $200 within 24 months.
And that bold call belongs to a seasoned market analyst with 33 years of experience – Money Morning Chief Investment Strategist Keith Fitz-Gerald.
He wasn't shy about it, either. He made the call on the FOX Business program "Varney & Co." earlier this month, startling host Stuart Varney.
That's why the current consensus one-year target price on AAPL stock is just $142.13, according to Yahoo! Finance. And it's risen considerably. Just 12 months ago, it was $85. Many analysts have had a hard time keeping up with Apple stock, which was trading today (Monday) at $131.52.
The current consensus target is just short of the $1,000 a share equivalent had Apple not done a 7-to-1 stock split last June. The exact price needed is $142.86. The Fitz-Gerald AAPL stock price prediction of $200 is the equivalent of $1,400 pre-split.
And by the way, AAPL stock at $200 a share blows past another big milestone – a market cap of $1 trillion. That will happen when Apple stock reaches $171.82. At $200, Apple's valuation would be $1.164 trillion.
Clearly, Fitz-Gerald's Apple stock price predictions are exceptionally daring.
But just why is he so bullish on Apple?
Apple Stock Price Predictions That Hinge on the Apple Watch
It starts with the Apple Watch.