Great article, would you like to share it?Final Sprint! Can Apple Bag $4 Trln Crown This Year?
@Tiger_comments:As $Apple(AAPL)$ continues to hit record highs, its market cap has now reached $3.92 trillion. To reach a $4 trillion market capitalization, Apple's stock price would need to rise by approximately $6, reaching around $265. With only four trading days left in the year, can Apple hit $4 trillion before year-end? Wedbush Securities stated on Monday that Apple’s newly launched iPhone 16 series is set to experience a strong holiday sales season this year. Moreover, the "most important" component of Apple Intelligence has just started rolling out to the market. Wedbush reiterated its "Outperform" rating on Apple stock with a target price of $300, implying a total market cap of $4.5 trillion. He also believes that with an AI-driven Apple smart upgrade cycle, Apple could sell a record 240 million or more new iPhones in fiscal 2025 (ending next September), exceeding the consensus estimate of 207.6 million units. From now on, iPhone sales are expected to deliver the biggest advantage since the fiscal year 2010. A Changing Landscape or a Continued Reign? Apple currently accounts for 7.1% of the S&P 500 index. After briefly being overtaken by NVIDIA this year, Apple reclaimed the top spot in market capitalization. However, as Apple has been at the top for 14 years, will it remain the top stock in 2025? Apple's high P/E ratio of 42 has often drawn criticism, though $NVIDIA(NVDA)$’s P/E is even higher at 55. Both companies are undoubtedly industry leaders. If NVIDIA continues its momentum next year and firmly secures the top spot in market capitalization, it could signify the beginning of a new era. How do you view? Can Apple reach $4 trillion market cap in 2024? Who will be the No.1 stock in 2025? Leave your comments and also post to win tiger coins~
Final Sprint! Can Apple Bag $4 Trln Crown This Year?Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.