Apple Options Traders See Stock Hitting $3T Level
Portfolio Pulse from Lisa Levin
Apple Inc. shares edged higher, nearing a $3-trillion market cap. Traders expect Apple to surpass this mark by mid-July. Citigroup analyst Atif Malik initiated coverage of Apple with a 'Buy' rating and a $240 price target, the highest among Wall Street analysts.
June 30, 2023 | 11:57 am
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Apple's stock is expected to surge past a $3-trillion market cap by mid-July, according to traders. Citigroup analyst Atif Malik has given a 'Buy' rating and a $240 price target.
The news of Apple nearing a $3-trillion market cap and the expectation of surpassing this mark by mid-July is positive for the company. Additionally, the 'Buy' rating and high price target given by Citigroup analyst Atif Malik further supports the positive outlook for Apple's stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100