Apple shares will reach $1,000 in 2014, says Piper Jaffray

theflyonthewall.com

Piper Jaffray said in a note to investors this morning that Apple shares will reach $1,000 in 2014, implying a market cap of around $1 trillion, the first in history. Piper believes Apple will continue to win market share in global mobile devices and raised 12-month price target for shares to $910 from $718. The firm maintains an Overweight rating on Apple.

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