In a program on CNBC, experts discussed whether to buy Apple Inc. (NASDAQ:AAPL) or say goodbye to it. Pete Najarian thinks that Apple Inc. (NASDAQ:AAPL) is a buy because it has touched $110 and the company will go up in the coming days. Najarian said that he had predicted about $110 stock price for Apple Inc. (NASDAQ:AAPL) in the past. He said that Apple’s iPhone remains the birthstone of the company’s success in the future. The stock has touched new all-time highs. 60% of Apple Inc. (NASDAQ:AAPL)’s international revenue comes from the iPhone. Holiday season will give another surge to Apple and the stock will brush around $120, Najarian claimed.
Apple Inc. (NASDAQ:AAPL) is going to roll out a dividend for its shareholders in November at a record $0.47 per share. The company recently bought back its own shares worth $17 billion. Another expert in the program agreed with Najarian’s estimate and said that analysts were already saying that Apple Inc. (NASDAQ:AAPL) is trading well above the average as compared to other companies.
Cantor Fitzgerald analyst Brian White has set a price target of $143 for Apple Inc. (NASDAQ:AAPL). The company has recently launched new iPads to give a boost to its declining tablet sector. Holiday season can turn out to be stupendous for Apple Inc. (NASDAQ:AAPL) in terms of sales. On Friday, Apple touched its 52-week high and closed at $108.
Carl Icahn‘s Icahn Capital hold around 52.8 million shares of Apple Inc. (NASDAQ:AAPL).