Analyst predicts 27% surge in Apple stock despite record valuation"We still believe the stock has a lot of gasoline left in the tank".
What you need to know
Dan Ives is back with another big prediction for Apple.
He says Apple could grow by another 27%.
He also says Apple's services business is worth more than $700 billion.
Analyst Dan Ives of Wedbush is back with another bullish prediction for where Apple's stock is headed.
As reported by Markets Insider:
Even after Apple this week became the first US-listed company to hit a $2 trillion market value, it could still surge higher in the coming months, according to Daniel Ives of Wedbush.
In a note Friday, Ives reportedly said that Apple still has "a lot of gasoline left in the tank," especially given a nearing iPhone 12 supercycle. Ives gave Apple's stock an "outperform" rating, and a target valuation fo $515, with a best case scenario of $600, a valuation that woudl mark a 27% increase on the current price.
Ives says that Apple has a "once in a decade" opportunity, given that roughly...
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Analyst predicts 27% surge in Apple stock despite record valuation
