Analysts tip Apple for $3 trillion market valuationOne analyst said the recent Apple lull was a "golden buying opportunity"
What you need to know
Apple analysts think the company could reach a market cap of $3 trillion.
That's because of hype for the next iPhone and rumors of an Apple Car.
Analysts have stated they believe Apple is on its way to a $3 trillion market valuation thanks to hype around the iPhone 13 and rumors of an Apple Car.
From Bloomberg:
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. Citigroup Inc. and Wedbush see potential for the tech giant to hit the milestone, an increase that implies an almost 50% surge from Thursday's close. With a market cap of $2.05 trillion currently, Apple is already the most valuable stock in the world.
Jim Suva at Citigroup Inc. suggested that developing the Apple Car could increase Apple's sales by 10-15% worldwide after 2024 and that the electric v...
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Analysts tip Apple for $3 trillion market valuation
