Apple is on track to becoming the first trillion dollar company, as its market cap has already reached $800 billion.
With Apple stock currently trading at $152.57 USD as of today, equity analyst Brian White believes that it remains as among the most underappreciated stocks in the world, with attractive upside for investors, and notes that shares will reach $202 USD — giving the company a valuation of $1.053 trillion in the next twelve months.
White further expressed: “In our view, Apple’s quarterly results will be less important this summer as investors are focused on the iPhone 8 this fall, along with the company’s raised capital distribution initiative, depressed valuation, and potential new innovations.”
Now, here’s what we know about the upcoming iPhone 8 so far.
- Source: Business Insider