Monday’s pop pushed Apple’s value past $US800 billion for the first time, solidifying the company’s position as the world’s largest publicly traded company.
Equity analyst Brian White sent out a note to clients on Monday that said Apple shares will reach $US202, giving the company a valuation of $US1.053 trillion in the next twelve months. That’s the highest price target on Wall Street and implies a 32% potential upside for investors. The analyst previously had a price target of $US185.
Today’s move has Apple one step closer to reaching that $US1 trillion valuation.