At the start of 2022, Apple (NASDAQ:AAPL) made history by reaching a market capitalization of $3 trillion. The first U.S. company to do so, this milestone sent AAPL stock price predictions soaring. Of course, the market cap has since dipped, but Apple has been on a winning streak lately. Currently, shares have risen almost 4% for the week and 8% for the month. The stock is dipping today due to antitrust speculation, but it should rebound. In fact, some believe shares can retake the $3 trillion mark.
Many analysts remain highly bullish on AAPL stock. According to TipRanks, which surveyed 28 analysts, the average price target for AAPL is $193.36. Further, analysts rate it as an overall Strong Buy.
They have reason to maintain this mindset. Recently, InvestorPlace contributor Mark Hake speculated that shares could rise by 47% over the next two years, if the company implements its upgrade plan. Apple has also already been rising on momentum from its lower-cost iPhone news.
Still, even with these catalysts, can AAPL stock really return to a $3 trillion market cap? Let’s take a closer look at what experts are saying.
Will AAPL Stock Reach $3 Trillion?
- Wedbush tech sector expert Dan Ives remains ever bullish on AAPL stock. As Ives sees it, “Apple is a bedrock of strength and overall iPhone and services demand is helping the stock to power back towards the $3 trillion area code.” Ives maintains a $200 price target and a “buy” rating on AAPL stock.
- JPMorgan analyst Samik Chatterjee is even more bullish. The analyst recently reiterated a $210 price target for AAPL stock. Chatterjee recently noted that “iPhone SE 3 availability tracking suggested that the lead times have moderated in almost all geographies, except China.”
- Finally, Morgan Stanley analyst Katy Huberty shares Chatterjee’s $210 AAPL stock price target. Huberty issued an “overweight” rating on the stock.
Overall, both Chatterjee and Huberty’s high $210 price targets are promising. They indicate both analysts see the stock not just reaching the $3 trillion mark, but surpassing it in the near future.
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