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Apple Stock Prediction: Bet Like Buffett When It Comes To Apple

The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary:

Warren Buffett’s Berkshire Hathaway owns around 135 million shares of Apple. Berkshire’s bet on Apple just appreciated more than $1 billion in one day after Apple’s earnings report.
Apple’s market valuation rose by $48.1 billion after it stock price shot up post-earnings. Apple’s valuation is now more than $819 billion.
My fearless forecast is that as long as Warren Buffett stays long AAPL, the stock could hit $165 before 2017 ends. There is resilient demand for iPhones.
Buffett’s faith in Apple is a shield against those sell-side analysts pessimistic over the rumored delay in iPhone 8 production.
AAPL has negative short and intermediate-term algorithmic forecasts. However, I Know First has a very bullish one-year algorithmic prediction for AAPL.