Apple Should Be Most Valuable Company on Earth, Analysts Say



After consistently undervaluing Apple, Wall St. analysts are now saying the company should be the most valuable company on Earth.

At least five firms Wall St. have upped their 12-month forecasts to an average of $467, putting Apple’s market cap at $433.7 billion, way past Exxon Mobil’s $423.2 billion.

Apple’s stock hit a new all-time high today of $355.12, valuing it at $326.6 billion. The biggest bull on Apple’s stock, Ticonderoga Securities, says it’s going to $550 thanks to future sales in China.

CNBC: Apple Is Most Valuable Company on Earth: Analysts