Apple Stock: Headed to $250?
It might be tempting for investors to rule out many "big tech" companies as good investments in 2024. After all, a handful of the world's biggest tech companies were a key driver to the tech-heavy Nasdaq Composite's monstrous 43% gain last year. Indeed, shares of (NASDAQ: AAPL), Microsoft, and Alphabet rose 48%, 57%, and 58%, respectively, in 2023. But the reality is that these companies likely deserve their current valuation. Going further, all three of these stocks may actually be compelling investments today.
To this end, one analyst recently took a surprisingly bullish stance on one of these three juggernauts: Apple. Wedbush analyst Daniel Ives said in late December that he expects the iPhone maker to command a $4 trillion market capitalization and a price of $250 by the end of 2024.
Let's take a look at why this analyst is so bullish on Apple stock and consider whether or not he is onto something.
Source Fool.com
Apple Inc. Aktie
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