Apple Earnings: Can Apple Stock Rally Above $100 Before It Reports?

How's this for a bold prediction? Apple (NASDAQ: AAPL  ) stock will hit $100 before it reports earnings after market close on July 22. 

Source: Motley Fool Flickr

Not that it particularly matters what Apple stock does in the short-term (we invest for the long-term here at the Fool), but there's mounting evidence that Apple has several near-term drivers in place that should have a positive effect on the tech giant's shares sooner or later.

Up and away at Apple
Somewhere in the excitement generated by Apple's recent WWDC and investors focusing further out toward Apple's highly anticipated Fall product launch cycle something got lost in the shuffle, Apple's current quarter. That probably won't last as several signals have indicated that Apple is in the midst of yet another record-setting quarter. And if that's the case, expect coverage (and investor bullishness) around Apple's upcoming blowout to likely fuel its shares upward in the weeks ahead.

There's also another element at work that could have an elevating effect on Apple's stock in the near-term as well, and that's the analyst community. After shunning its shares for some time, analysts several analysts have been raising their price targets for Apple stock above $100. So although both of these data points are clearly short-term in nature, they still fit in well with the broader storyline that Apple's shares remain undervalued today as tech and telecom specialist Andrew Tonner further discusses in the video below.

How you can profit from Apple's upcoming iWatch
Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out, and some early viewers are claiming its everyday impact could trump the iPod, iPhone, and the iPad. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!

Read/Post Comments (1) | Recommend This Article (6)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On July 10, 2014, at 2:02 PM, crt6100 wrote:

    Personally, I see a miss and slight drop before the rally to end the year, but your target is right on. Oh, and Bear Down...

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 3023414, ~/Articles/ArticleHandler.aspx, 9/5/2015 3:52:45 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Andrew Tonner

Andrew Tonner is a tech specialist for The Motley Fool. He is a graduate of The University of Arizona with a degree in Finance.

Today's Market

updated 6 hours ago Sponsored by:
DOW 16,102.38 -272.38 -1.66%
S&P 500 1,921.22 -29.91 -1.53%
NASD 4,683.92 -49.58 -1.05%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/4/2015 3:59 PM
AAPL $109.27 Down -1.10 -1.00%
Apple CAPS Rating: ****