NEW YORK - Andy "Raw" Kibbens the legendary investor who usually has Wall Street on a string, said that after the current Apple earnings report - he believes the company's fair value is close to $471 billion given its growth rate and other factors.
With the current price that is 44% more upside and it would likely make Apple the most valuable company in the world but not ever. Exxon Mobil has been valued near $500 billion during the oil boom of 2008. General Electric and Microsoft both had valuation in excess of $600 billion in 2000, during the tech bubble.
If Steve Jobs remains alive its likely Apple will reach these lofty valuations at some point in the near future.
To read the full Apple report click here.
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