The case for Apple at $1,000

There's no shortage of Wall Street bulls when it comes to Apple (NAS: AAPL), with but one lone bear that was and is still dead wrong. Shares are already up nearly 44% year to date to roughly $582 as of this writing, and analysts are still getting even more bullish of late.

In the wake of the most recent blowout quarter and subsequent new iPad unveiling, analysts have been scrambling to raise price targets and pound the tablet with "buy" ratings. Once upon a time, the Street's highest price target was $700, which seems entirely within reach at this rate. Well, we now have a new king of the price-target hill ... sort of.