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2021-03-12

But still dropping why

Apple Could Reach a $3 Trillion Market Valuation, Analysts Say

Citi, Wedbush analysts both see Apple’s market cap increasing. Apple Inc.’s stock could reach a market capitalization of $3 trillion,analysts say, citing the development of the Apple Car as well as high expectations for the next iPhone.Wedbush analyst Daniel Ives, whose price target for Apple is a Street-high $175, also sees a $3 trillion valuation on the horizon. In a note on Wednesday, he called recent declines in the stock a “golden buying opportunity,” expecting the upcoming iPhone 13 to be

Apple Could Reach a $3 Trillion Market Valuation, Analysts Say

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With amarket capof $2.05 trillion currently, Apple is already the most valuable stock in the world.</p>\n<p>Developing the Apple Car could boost the company’s sales by 10% to 15% after 2024, Citigroup Inc. analyst Jim Suva wrote in a note on Friday. By 2025, he expects the worldwide electric vehicles market to outgrow the combined market for smartphones, PCs, tablets and wearables.</p>\n<p>Wedbush analyst Daniel Ives, whose price target for Apple is a Street-high $175, also sees a $3 trillion valuation on the horizon. In a note on Wednesday, he called recent declines in the stock a “golden buying opportunity,” expecting the upcoming iPhone 13 to be a “game changer,” with supply chain data pointing to greater output rates than for the previous generation.</p>\n<p>Apple’s shares have slid around 15% since reaching a record high at the end of January amid a rotation out of high-flying tech stocks. 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