If analysts are realistic, they should expect Apple shares to slot between $380 and $400 by late 2011 or early 2012, a Fortune contributor claims. Many people are still assuming a price-to-earnings ratio of between 18 and 20, writes Bullish Cross author Andy Zaky, ignoring the sheer amount of cash Apple has, and a growth rate of 50 to 70 percent. Street consensus for October 2011 is limited to a stock price of about $332 to $350, and earnings per share of $17.50.
