Apple’sshare price has rocketed in recent months, crossing both the $500 and $600 level within the space of mere weeks. So as analysts continually hike their price targets for the stock, is the only way really up?
Investment adviser J.J. Burns, president of J.J. Burns & Co., says investors should look to lessons learned from the past when they try to predict the stock’s next move.
“I hate to draw on this example, but if you take a look at what happened to Pfizer when it came out with Viagra, it really is so reminiscent for me,” cautioned Burns.