If persistent rumors are to be believed, less than a month is left before the announcement of the new iPhone family, but while the company’s stock price continues to rise after the announcement of the second quarter results, which exceeded analysts’ expectations. Having slightly increased in price today, Apple shares have brought the company’s capitalization closer to the cherished milestone of $ 2 trillion by five percent.
Image source: Bloomberg
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Apple managed to double in price since March this year. The company will be able to overcome the capitalization bar of $ 2 trillion if the shares rise in price by another 5%, since now this value has reached $ 1.9 trillion. But already at this level, Apple has become the most valuable public company in the world, surpassing the oil giant Saudi Aramco. A significant gap was achieved, including from Amazon and Microsoft, the capitalization of each of which hovers around $ 1.6 trillion.
Image source: Seeking Alpha
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As explains Bloomberg, analysts at Deutsche Bank urge caution in counting on further growth in Apple shares. The dynamics of its change in recent months significantly outstripped the fundamental financial indicators of the company, and in order to further strengthen the share price, Apple will have to impress investors with its economic achievements. The bank cut its forecast for Apple stock from $ 480 to $ 440. Bank of America also urged investors not to ignore the possible risks associated with the company’s activities in the foreseeable future.
Wedbush analysts demonstrate against this background, surprising optimism. They raise their forecast for Apple shares to $ 515 in anticipation of the imminent announcement of new iPhones. According to the authors of the research note, the opportunities that open up for Apple in the next year and a half, opportunities appear every ten years. According to Wedbush experts, the potential for modernization of Apple smartphones in service is measured in the amount of 350 to 950 million units.
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