Amateur investors have poured nearly $1.1 billion into Apple shares since the end of November, says Vanda Research.
Apple's stock price needs to hit $182.85 for the $3 trillion market valuation to be reached. Shares traded at $181.72 in early Monday trades.
Apple is exploring various designs for its car project, including one that would have no steering wheel or brake and gas pedals, Bloomberg reported.
"It's not a demand issue, but a supply issue that continues to be the elephant in the room for Apple heading into holiday season," Wedbush said.
An additional 1% rally Microsoft stock, or a similar decline in Apple would mark the potential milestone.
The judge said that "the court cannot ultimately conclude that Apple is a monopolist under either federal or state antitrust laws."
Katie Stockton of Fairlead Strategies identified a measured-move price target of $168, representing potential upside of 10% from Tuesday's close.
Shares of big tech names Apple, Amazon, Facebook, and Tesla helped lift the broader market to record highs Monday.
Wedbush's Dan Ives said strong fundamentals will boost US tech stocks up another 7%-10% for the remainder of the year.
Apple's stock price has soared under CEO Tim Cook's watch, triggering hundreds of millions of dollars in performance-related pay for its boss.
Apple has added more than $2 trillion in market value since Cook became CEO, with its market cap surging to $2.45 trillion from $349 billion.
"We find no fault in these numbers and continue to see Apple's execution here as exceptional given the size and scope of the company," Goldman said.
"Data for handset shipments in China for the months of April, May and June were weak, with total handset shipments down 27% y/y" Goldman said.
Apple is now hovering near a $2.5 trillion market capitalization for the first time ever.
"June results and guidance will be another positive catalyst for tech stocks," said Wedbush in its projection for further gains in the sector.
The stock purchases come as Pelosi's wife and the House of Representatives work on anti-trust legislation designed to regulate tech monopolies.
JPMorgan expects Apple to sell 226 million iPhone units in its fiscal year of 2022, compared to investor expectations of 210 million-215 million iPhones.