Apple Analyst Says Stock Could Bulldoze Its Way Higher To Give Company A $4 Trillion Market Cap By End Of 2024: Report
Portfolio Pulse from Shanthi Rexaline
Apple's stock hit an all-time high of $187.56, giving the company a market cap of $2.936 trillion. Fairlead Strategies set a price target of $254 for Apple by the end of 2024, which would result in a $4 trillion market cap. The company is expected to benefit from the iPhone 15 cycle, acceleration in its Services business, and its mixed-reality headset Vision Pro.
June 24, 2023 | 11:07 pm
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Apple's stock could reach a $4 trillion market cap by 2024, according to Fairlead Strategies. The company is expected to benefit from the iPhone 15 cycle, acceleration in its Services business, and its mixed-reality headset Vision Pro.
Fairlead Strategies set a price target of $254 for Apple by the end of 2024, which would result in a $4 trillion market cap. The company is expected to benefit from the iPhone 15 cycle, acceleration in its Services business, and its mixed-reality headset Vision Pro. This positive outlook could drive the stock price higher in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Apple's production was disrupted due to COVID-19 lockdowns in China, impacting its major iPhone assembler Hon Hai Precision Manufacturing Company Limited (Foxconn).
The article mentions that Apple's production was disrupted due to COVID-19 lockdowns in China, impacting its major iPhone assembler Foxconn. However, this information is historical and does not provide a clear indication of how it will impact Foxconn's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50