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Apple Stock Price Target Raised to $275, Implying $4 Trillion Valuation
Analysts Bullish on AAPL, Average Price Target Now $207
Strong Earnings and Revenue Growth Fuel Optimism
Analysts are bullish on Apple stock, with the average 12-month price target now at $207.03. This represents a significant increase from the previous target of $192.28. The highest price target is $275, set by Wedbush, implying that the iPhone maker could be worth more than $4 trillion.
The optimism is driven by strong earnings and revenue growth. In the most recent quarter, Apple reported record revenue of $83 billion and earnings per share of $1.24. This beat analyst expectations and sent the stock price soaring.
Analysts believe that Apple's strong performance is sustainable. They point to the company's continued innovation, its loyal customer base, and its expanding product portfolio. They also believe that the company will benefit from the growing demand for 5G smartphones and other devices.
It's important to note that analyst price targets are just estimates. The actual stock price may vary significantly from these targets. However, the consensus among analysts is that Apple stock is undervalued and has the potential to continue to rise.
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