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One analyst thinks Apple is going to be worth $1 trillion

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One analyst thinks Apple is going to be worth $1 trillion

Tim Cook

Getty/ Justin Sullivan

Apple remains “among the most underappreciated stocks in the world,” Drexel Hamilton analyst Brian White wrote in a note distributed to clients on Monday.

He’s one of the most bullish analysts watching Apple. On Monday, Drexel raised its Apple price target to $202 a share from $185. The stock was trading at just over $149 in pre-market trading on Monday morning. 

Apple has 5.213 billion shares outstanding, according to Bloomberg. If Apple were to hit $202 per share, the company’s market capitalization would be valued at $1.053 trillion.

“Apple has proven its resilience through its unique ability to develop hardware, software and services that work seamlessly together,” White wrote. “We believe this positions Apple very well to capitalize on the trend toward more ‘things’ becoming a computer.”

Apple’s stock is on a tear. It’s up 29% so far this year. 

Visit Markets Insider for constantly updated market quotes for individual stocks, ETFs, indices, commodities and currencies traded around the world. Go Now!

Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.



✍ Sumber Pautan : ☕ Business InsiderBusiness Insider

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Tim Cook

Getty/ Justin Sullivan

Apple remains “among the most underappreciated stocks in the world,” Drexel Hamilton analyst Brian White wrote in a note distributed to clients on Monday.

He’s one of the most bullish analysts watching Apple. On Monday, Drexel raised its Apple price target to $202 a share from $185. The stock was trading at just over $149 in pre-market trading on Monday morning. 

Apple has 5.213 billion shares outstanding, according to Bloomberg. If Apple were to hit $202 per share, the company’s market capitalization would be valued at $1.053 trillion.

“Apple has proven its resilience through its unique ability to develop hardware, software and services that work seamlessly together,” White wrote. “We believe this positions Apple very well to capitalize on the trend toward more ‘things’ becoming a computer.”

Apple’s stock is on a tear. It’s up 29% so far this year. 

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Markets Insider

Visit Markets Insider for constantly updated market quotes for individual stocks, ETFs, indices, commodities and currencies traded around the world. Go Now!

Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.



✍ Sumber Pautan : ☕ Business InsiderBusiness Insider

Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2qhrMxK

(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!



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