Wall Street analyst thinks Apple will hit trillion-dollar valuation next year

By

money
The iPhone 8 may drive Apple stock prices to new heights.
Photo: Ste Smith/Cult of Mac

Apple stock might be down slightly from its crazy record-breaking high earlier this year, but that’s not dampening Wall Street analyst Brian White’s belief that it’s just 12 months away from becoming the world’s first ever trillion dollar company.

In a research note to clients, White refers to Apple stock as one of the “most underappreciated stocks in the world.” We’re pretty certain that’s an invitation for people to buy!

Apple share price appears to quadruple thanks to weird glitch

By

money
AAPL stock looked like it took a major jump yesterday.
Photo: Ste Smith/Cult of Mac

Update: It seems the same technology glitch also caused AAPL prices to seemingly crash early this morning, with Yahoo Finance, Google Finance and MacOS widgets all showing incorrect prices.

We’re used to seeing the price of AAPL stock fluctuating based on even the flimsiest rumor, but this is something else entirely. Due to a glitch related to the way that Nasdaq stocks are listed on several major financial sites, AAPL shares appeared to quadruple in value following the closing bell on Monday.

While Apple fared well, however, other tech companies were less fortunate. The price of Amazon and Microsoft stocks appeared to lose more than half their value, while Alphabet and eBay shares were stuck at $123.47.

Pessimistic traders bet big against Apple

By

money
AAPL is the world's third most shorted stock.
Photo: Ste Smith/Cult of Mac

The stock market’s a funny place, eh? Just a couple of months after becoming the first company in history to break the $800 billion valuation mark, Apple now finds itself in the unusual position of having investors betting against it.

Short interest on Apple (meaning that investors are staking money on AAPL share prices falling) climbed by $1.3 billion over the past month. According to data compiled by S3 Partners, Apple is now the third most shorted company in the world — after Tesla and Alibaba.

Apple briefly became first $800 billion company this week

By

money
Apple passed a major milestone yesterday.
Photo: Ste Smith/Cult of Mac

Apple became the first $800 billion company in history this week, as stock rose to a record high yesterday.

In midday trading yesterday, Apple shares rose to $153.70 per share on the Nasdaq. With 5.21 billion shares outstanding, that briefly gave Apple an historic market cap of $801.37 billion.

Apple should be worth $1 trillion, Wall Street analyst claims

By

money
One of the world's most undervalued stocks, apparently.
Photo: Ste Smith/Cult of Mac

Calling Apple one of “the most under-appreciated stocks in the world,” a Wall Street analyst says the company should be worth $1 trillion within the year.

Drexel Hamilton analyst Brian White gave AAPL a price target of $202, an increase of roughly 35 percent — and by far the highest Apple valuation on the books.

What to expect from Apple’s Q2 2017 earnings report

By

Tim Cook and Luca Maestri will reveal Apple's Q2 earnings.
Apple made a ton of money last quarter.
Photo: Jim Merithew/Cult of Mac

Apple shares reach new high as analyst predicts $200 price

By

apple stock price
AAPL shares are on the rise.
Photo: Buster Hein/Cult of Mac

Share prices of Apple Inc. hit yet another record high during trading today, setting a new top mark of 143.80 by the time the market closed.

Apple shares were trading up nearly 3% on Tuesday thanks to an investor note from UBS analyst Steven Milunovich who predicts the stock price could shoot up past $200 in the next two to three years.

AAPL shares soar to new all-time high

By

Apple's stock is on the rise.
Apple's stock is on the rise.
Photo: Buster Hein/Cult of Mac

A ringing endorsement from mega-investor Warren Buffett has helped push Apple’s stock to a new record high today.

Apple shares were trading up 2.04% and closed at an all-time high of $139.78 per share, beating the company’s previous top mark of $137.11 set last week.