After-hours trading in AAPL stock already values the company at $900B, but target prices from almost half the analyst reports seen following yesterday’s bumper earnings report and record-breaking guidance would value the company at more than a trillion dollars …
Business Insider had a roundup of 15 analyst ratings, with seven of them setting a target price for the stock above the magic $193 which would see the company hit a market capitalization of a trillion dollars.
Most rate the stock a buy/overweight, with only Barclays and Deutsche Bank instead rating it a hold. Deutsche Bank gave no particular reason for its position beyond stating that it had a ‘more conservative long-term view.’ Barclays said that big questions have been left unanswered.
But most analysts were optimistic, expecting the iPhone X to unlock pent-up demand for a new iPhone design, especially in China. Macquarie summarised most of the reasons given by other analysts.
Check out the other summaries here.
Photo: Lucy Nicholson/Reuters
