BizSugar.com › Raising Capital › Carl Icahn\\\'s Projections for Apple- Ventury Capital

Apple’s billionaire activist investor, Carl Icahn, believes the company is still dramatically undervalued and misunderstood. “It is our belief that large institutional investors, Wall Street analysts and the news media alike continue to misunderstand Apple,” he writes. He penned an open letter to Apple CEO, Tim Cook, and encouraged the company to repurchase still more of its shares after Icahn upped his target price to $240 this past Monday, May 17th.