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: AnalystsRelated
is the editor and publisher of Cult of Mac, and the bestselling author of four books about technology culture: Jony Ive
; Inside Steve’s Brain
; Cult of Mac
; and Cult of iPod
. Leander has written for Wired, MacWeek, Scientific American, and The Guardian in London. Follow Leander on Twitter @lkahney
Posted in Mac, News | Tagged: AAPL, analysts, Apple, Apple stock, Wall St. |