Carl Icahn believes Apple is STILL undervalued

Activist, billionaire, and investor Carl Icahn has a reputation for using his massive amounts of wealth to disrupt publicly traded companies, but tends to compliment Apple more than mess with it. Despite how impressed he was with Apple’s record quarterly earnings, however, he believes that the company is STILL undervalued. 

Activist investor Carl Icahn believes shares of Apple should be valued much higher than their current trading price, and on Wednesday said he even plans to revise his own price target for the stock, which he called a “no-brainer” investment. The billionaire appeared on CNBC on Wednesday, where Icahn said he and his team are pleased with Apple’s impressive quarterly results. While Icahn has a reputation for using his considerable wealth to interfere with publicly traded companies, he has been generally complimentary of Apple and its continued success.