If you're among the throngs of Apple bulls, you have two more reasons to celebrate.
Topeka analyst Brian White issued the Street’s first $1000 price target on Apple earlier this week.
And perennial Apple bull Gene Munster raised his price target from $718 to $910, with the caveat that he too thinks Apple could trade $1,000 or more in 2014.
White, Munster and other Apple advocates with lofty price targets believe that the iPhone and iPadboth still have tremendous growth potential, especially among the coveted business market.
The scenario sounds idyllic; bulls say not only is Apple going to expand around the world, but it's going to win market share away from the competition. That almost sounds too good to be true. According to BGC analyst and Colin Gillis, it is.
“I see all my peers just jacking their price target,” he says on Fast Money’s Halftime Report. In fact he thinks the Apple hype is out of control. And because of the hype, he thinks the Street is missing a few serious headwinds.