Apple stock is hitting its highest value in history — and could be poised to surge a whole lot higher.
After analysts at Raymond James raised their price target to $280, AAPL rose 2% to start the week strongly. It is currently trading at $240.51. However, Piper Jaffray chief market technician Craig Johnson thinks it could well rocket past $300.
Apple’s market cap has taken one heck of a beating over the past six weeks. But it’s far from alone.
A new report notes that tech’s FAANG stocks (that’s Facebook, Apple, Amazon, Netflix, and Google) have lost a combined $728 billion of their combined value in one-and-a-half months. That’s slightly more than the GDP of Saudi Arabia and only a bit less than that of the Netherlands.
Wall Street must have liked what it saw during Apple’s WWDC 2018 keynote this morning because the company’s stock has shot up to a new all-time high.
The race to become the world’s first $1 trillion company is nearly complete with Apple share prices soaring on the stock market today.
Trading of AAPL stock hit 187.60 per share during the morning trading hours today, putting the company just $55 billion under the coveted $1 trillion market cap mark.
Apple Music’s biggest competition is about to get an influx of Wall Street cash.
Spotify finally filed documents for an initial public offering, after rumors of going public had been floating around for years. According to reports, the company could be worth as much as much as $23 billion, but it’s still not profitable.
Apple’s market value has fallen $46 billion in a week amid reports that iPhone X isn’t selling.
A growing number of analysts and news outlets have claimed that Apple is cutting production due to weaker-than-expected demand for its flagship device. The Wall Street Journal is the latest to corroborate the claims.
With the exception of a few software-related blips, Apple has had an incredible 2017 — but its phenomenal run of success could be coming to an end, claims one analyst.
Nomura Instinet analyst Jeffrey Kvaal has lowered his recommendations concerning AAPL from “buy” to “neutral,” suggesting that the current share price adequately reflects iPhone X sales.
Apple investors have been urged to “quit worrying” by one analyst, who insists the “short-lived” iPhone 8 delay won’t impact stock price.
Robert Cihra from Guggenheim doesn’t deny that iPhone 8 will launch late, but he’s confident fans will wait, rather than jump ship.
Apple’s foray into autonomous cars could eventually put rental car companies out of business, but for now, Apple Car rumors are doing wonders for Hertz which just saw its stock price skyrocket thanks to some new rumors.
Some of the world’s biggest investors have ditched their Apple shares lately, but where others see doom and gloom Warren Buffett sees an opportunity to make some serious money.
Warren Buffet’s legendary investment firm Berkshire Hathaway has taken a large position in Apple stock, scooping up 9.81 million shares, worth about $1.07 billion.
