Former Legg Mason Chairman and Chief Investment Officer Bill Miller believes Apple (AAPL) shares will go higher.
With the ticker of the tech giant trading above the $600 level for the first time since October 2012, Miller thinks its run isn’t over.
“It is not as attractive as it once was, but I still think it’s worth $700, $750,” he told CNBC’s “Closing Bell” Tuesday.
Miller, the current chairman and CIO of LMM, also talked about his views on the market, noting he’s still bullish and stands by his statement last month that “after this correction you can throw a dart at the market and about anything you hit is gonna go up the next six months.”
“The bears hate the market because it won’t go down and the bulls hate it because it won’t go up. But it’s a great market, I think, for people who actually want to invest who have a time horizon longer than the next 30 minutes to 3 weeks,” he said Tuesday.
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