| Cult of Mac

Bullish analyst thinks Apple stock is going nowhere but up


Apple could be in for a major surge over the next year.
Photo: Buster Hein/Cult of Mac

When Apple passed the $1 trillion valuation earlier this year, you could be forgiven for thinking you’ve missed your chance to invest. Not so, claims tech Dan Ives of Wedbush Securities. According to the bullish Apple pundit, the company could see a massive 40 percent surge this year.

AAPL currently trades at $219. According to Ives, however, by this time next year you should be expecting it to trade at $310. Here’s why.