I was thinking about what Gene Munster's $1000 Apple target would mean in relation to the stock today. From what I gather, he is projecting the stock to reach $1000 by the end of 2014.
Gene's estimates I believe account for multiple contraction (as I kept hearing his 2014 estimates call for a 12 multiple). If he is correct, Apple's stock will need to see appreciation every month until 2014.
Is this reasonable? Gene has generally been conservative in his estimates, and if Apple continues to execute, as the level it is today and has been over the past few years, absolutely.
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