Apple shares are heading for a market capitalization of 3 trillion. Citi sets target price at USD 240
US technology company Apple $AAPL-0.7% could exceed market capitalization of 3 billion today. USD. Citibank yesterday set a target price for the company at USD 240.
Apple's stock is gaining 0.6% in the pre-bull market, which would mean it will reach a record price of USD 190.80 per share. This would push the company's market capitalization over USD 3 trillion.
In early 2022, Apple's market capitalization briefly hit the $3 trillion mark. However, the title closed below this threshold. If Apple stock were to close above that threshold today, it would be a historic first for the company. The stock is already up 46% this year.
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Yesterday, analyst Atif Malik of US bank Citi began covering Apple. He set a target price with a "buy" recommendation at $240, this is the highest price among analysts.
Apple shares are also trading on the RM-SYSTEM (BAAAAPL), gaining 0.83% to US$4091.50.
It's a blast and I believe the $240 is not a question of "If?" but "When?"... I myself have over 100% profit on Apple right now and I'm thinking of making my first sale ever... I just want to jump back in and I don't see any reason in the foreseeable future to make the stock significantly cheaper to make this trade worthwhile... so I'm in a bit of a pinch right now :)
Do you guys happen to know where the ceiling is? :-D
Great news for Apple and for us fans and users, well, more like investors though, users just consume their prices no. 😂 But they deserve it and I'm holding out. I won't be overbuying though, I don't want to spoil the average yet. Rather, I'm just thinking about some trader with a $200 target.