Launching coverage of the company for the first time, Ticonderoga Securities analyst Brian White has assigned a $430 price target to Apple stock. The figure is said to be the highest currently proposed amongst sell-side analysts. "We believe Apple is still in the early stages of capitalizing on the trend toward smart phones and the digital lifestyle, while positioning itself to take advantage of large market opportunities in the enterprise, advertising, cloud computing and social networking," says White in a new research memo.
