NEW YORK ( TheStreet) -- Setting a $1000 price target for Apple (AAPL) has become more is an easy way for a sell-side analyst to grab some quick publicity but that doesn't mean it's not worthwhile digging in on how that lofty number might be achieved.
Piper Jaffray analyst Gene Munster, who rates Apple shares at overweight with a $910 price target, has put forth a ten-step approach on how Apple can garner a trillion-dollar market capitalization, something that Greenlight Capital's David Einhorn highlighted recently at the Ira Sohn Conference.
Among the reasons that Munster cites in making the case for a $1,000 price target over the next few years are a slew of new products to be released this year, international expansion, and the continued growth of Apple's software strategy to put a stranglehold on customers to keep them from switching.
Here are ten reasons Apple could hit $1,000 over the next couple of years.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV