Wall Street Has Been 'Dead Wrong' on Apple

At the end of 2012, we mentioned the following facts in an Apple article:

"Apple Inc. (NASDAQ:AAPL) is one of the most popular stocks among Wall Street analysts. According to Thomson/First Call, 48 of the 58 analysts covering the stock have a buy or strong buy rating on the stock. Apple's one-year median price target of $750 is also 47% higher than its current price. Analysts also expect that Apple will make $49 in its current fiscal year ending September 2013 and $57 in FY2014. Even the most bearish analyst thinks AAPL will earn $41.75 in FY2013. So, according to Wall Street, Apple's forward price-earnings ratio is at most 12. ...418 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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