Apple 2.0

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Andy Zaky: Apple will cross $1,000 within 15 months

September 18, 2012: 6:13 PM ET

And hit $1,500 before the end of 2014, predicts the manager of an Apple-only hedge fund

Zaky called that bottom in mid May

Zaky

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.

That day Apple (AAPL) touched $522.18, which Zaky believed was a bottom, and he told anybody who would listen to buy at $530 to $550.

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.

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About This Author
Philip Elmer-Dewitt
Philip Elmer-DeWitt
Editor, Apple 2.0, Fortune

Philip Elmer-DeWitt has been following Apple since 1982, first for Time Magazine, and now on the Web for Fortune.com.

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