2024 will present the “golden opportunity” for investors to own Apple stock, Wedbush strategists said.REUTERS/Brendan McDermid
Apple is set to notch a $4 trillion valuation by the end of next year, Wedbush predicted.
Strategists raised their price target for the iPhone maker to $250, implying a 30% upside.
The tech giant is also poised to have a strong holiday season in 2023 on the iPhone 15, the firm said.
Apple is on track to notch a $4 trillion valuation by the end of next year — the first-ever company on the stock market to do so, according to Wedbush.
The investment research firm raised its price target for Apple to $250 a share from $240 previously, implying 30% upside from Monday’s price of around $192 a share.
Meanwhile, the company’s market cap is currently at $2.99 trillion, after notching a historic $3 trillion valuation earlier this year.
“We believe Apple will be the first $4 trillion market cap by the end of 2024 given the pace of growth and monetization we estimate for…
2023-12-11 19:46:35
Source from finance.yahoo.com
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