How High Apple Stock Can Go

With the coronavirus likely to create a global recession it may be hard to imagine Apple NASDAQAAPL shares soaring to 500 or over 75 higher. Its working so far.

Will Apple S Stock Go To 1 000 Is That Likely To Happen Anytime In The Next Year Or Two Quora

How High Can Apple Stock Go.

How high apple stock can go. Discounted back by 85 per year below my 10 discount rate to. Apple AAPL - Get Report hit another new all-time high on Thursday with shares chugging higher by another 15. Price at the end 114 change.

This is way ahead of the. Two decades ago mutual funds were a part of. Wedbushs Daniel Ives has just boosted his Apple stock price forecast from 515 to a Street-high 600- and established a new bull case price target of 700.

Joining the fray Merrill Lynch analyst Wamsi Mohan bumped up his price target for Apple from 390 to 410 implying modest potential upside of 6 from current levels. As such long-term. Now however Apple is trading right around those averages.

The stock has now risen a ridiculous 829 in. Based on a market-average 16 forward multiple that equates to a 2024 price target for AAPL stock of over 300. Thats a staggering gain by a company worth nearly 2 trillion.

A month later however Apple was trading at 26635 a share. Apple Is Overvalued Historically For example 38 analysts polled by Seeking Alpha show an average EPS for 2020 of 325 for 2020 and 386 for 2021. While details of President Donald Trumps tax overhaul proposals are scarce.

All in all while Apple stock may run into continued resistance at 200 this obstruction is basically just the stock taking a much-needed breather before its next leg higher. Just a year after the iPads release Apple was up to 34119 a 43 increase. Apple shares were up 25 to 35157.

But Apples role is even more pronounced in the technology sector. Apple currently holds a. Apple has stormed 57 higher this year.

26 Zeilen Averaged Apple stock price for month 113. On August 2020 AAPL stock. Apple stock was 18 in Friday morning trading to 220 per share.

Joining the fray Merrill Lynch analyst Wamsi Mohan bumped up his price target for Apple from 390 to 410 implying modest potential upside of 6 from current levels. The previous record close for the company hit on Sept. In fact Apple shares reached a milestone Tuesday when they closed at a record 10053.

Apple stock was the first to gain a market value of over 15 trillion in early June 2020. Last Wednesday the stock set a record closing high of 35284. Rise of Index Funds.

Amazon Google and Microsoft followed. Peter Lynch put mutual funds on the map in the 1990s. The trailing and forward PEs for the SP 500 are roughly 257 and 197 respectively while those of AAPL are 26 and 207.

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