Apple Could Hit $3 Trillion Market Valuation, Analysts Say
- Citi, Wedbush analysts both see Apple’s market cap increasing
- Apple shares would need to rise 47% to reach $3 trillion mark
Apple Inc.’s iPhone 12 Pro
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
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 about $2 trillion currently, Apple is already the most valuable stock in the world.