Why Apple Shares Will Hit $200 in 12 Months

Expect Apple stock to nearly double in value and hit $200-a-share a year from now, say analysts at Drexel Hamilton in New York.

Pointing to "overblown" fears about the Chinese market for cell phones, as well as the "sharp correction" that Apple experienced over the summer, the brokerage firm is forecasting another major growth cycle for the California-based tech giant.

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