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 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.
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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