Icahn Gazes Beyond Known World With $1.2 Trillion Apple
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Carl Icahn’s forecast for Apple Inc. would swell the world’s biggest market capitalization beyond the economy of Argentina to heights never seen in public markets.
The billionaire activist says Apple should trade at $203, twice its current price, an estimate that would push it to $1.2 trillion. He’s asking that of a stock that has gained more than 3,500 percent in the past decade and became the most valuable company in U.S. history two years ago, before adjusting for inflation.