Apple Inc.
Apple hits nearly $3 trillion in market capitalization as world’s most valuable firm
New York/UNI/Sputnik: Shares of iPhone maker and consumer tech giant Apple hit record highs on Monday, reaching nearly $3 trillion in market capitalization, trading data showed.
Apple’s stock hit a lifetime high of $182.09 to briefly touch a market value of $2.98 trillion, data from New York’s Nasdaq platform for Big Tech stocks showed.
Responding to the rally, J.P Morgan analyst Samik Chatterjee raised his target for Apple to $210 from $180 and reiterated his call for investors to "overweight" the stock.
Already the world’s most valuable company, Apple could be on track to hit $4 trillion in market capitalization next, Craig Erlam, analyst at online stock trading service OANDA, said.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
