Apple could be the first company in the world whose market capitalization cracks the mark of three trillion US dollars – says a US analyst. And already in 2022.
In 2018, Apple became the first company worth more than a trillion dollars. The iPhone manufacturer also hit the $ 2 trillion mark in market capitalization ahead of the competition. In this respect, one does not lean too far out of the window when one predicts that Apple will also be the first to reach the next level, a market value of three trillion dollars. A US analyst has now confirmed this forecast – only the time frame is perhaps a bit optimistic.
Analyst sees Apple shares before price jump
At the end of August 2020, a few days before the stock split, Apple broke the two trillion dollar mark in its stock market value. Could it just go on with the trillion steps now – 2018, 2020, 2022? At least that is the opinion of Wedbush analyst Dan Ives. According to the analyst, it should be ready in twelve to 18 months, like Ives on the CNBC broadcast Street Signs Asia said.
For his forecast, Ives made the innovative strength of the group and the booming service business. However, Apple must first convince the skeptics that it will remain innovative. The fireworks of features for its new operating system versions, which Apple launched at the keynote at its developer conference WWDC 2021 on Monday, seems to have convinced the investors. Apple shares moved a few percent up at the start of the stock market on Tuesday – but then dropped.
Apple: Share price should rise to $ 177
Overall, Apple has to book a price decline of five percent for its share for the current year. Accordingly, the market capitalization, which amounts to 2.1 trillion dollars, is still a few hundred billion away from the forecast three trillion. Meanwhile, Ives had raised his price target in April from $ 175 to $ 185 per share. For comparison: went on Monday the Apple stock at $ 125.9 from the trade. Given the current number of shares in circulation (just under 17,000), the price should rise to just under $ 177.