When we talk about the best stocks, we first have Apple shares in our mind. From all perspectives, Apple stock is definitely deserved to be one of the best stocks. Let’s review the expectations of the analysts on Apple stock price target.
The Apple stock price once exceeded $520 in the Wednesday morning trading session, while the Morgan Stanley analyst Katy Huberty and the Oppenheimer Fund analyst Ittai Kidron set the apple stock price target at $515 on Januray 25. Meanwhile, Goldman Sachs reiterated Apple’s price target of $600.
Most selling analysts are conservative about the estimates on Apple’s earnings, but are somewhat optimistic about the Apple stock price target. According to the Thomson Reuters / First Call data, Wall Street set a target ceiling of the Apple stock price at $700, median at $599. While the independent analysts are more optimistic about the Apple price target, the most optimistic one is Robert Paul Leitao, he set the Apple price target at $790.
The Apple stock price exceeded $500 for the first time on Monday. Although the Apple stock price fell $11.79, or 2.31%, to close at $497.67 Wensday, but the Apple’s market capitalization reached $464 billion. A few months ago, The Apple stock had been competing with with Exxon Mobil shares for the largest capitalization crown and now this competition does not exist, because the Exxon Mobil’s current market capitalization is $402.01 billion, 19% lower than Apple.
Apple stock price has risen approximately 30% so far this year.