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Apple Stock Could Be Headed to $400

TheMotleyFool

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Shares of Apple (NASDAQ: AAPL) rose to record highs on Wednesday, a few days after the company revealed that over a half-trillion dollars transacted over its App Store ecosystem in 2019. The staggering figure demonstrated how powerful the company's platform has become and it highlighted the huge market opportunity the tech giant has to further monetize its installed base of more than 1.5 billion active devices.

Some fresh new positive analyst commentary is likely helping the tech stock, too. One analyst just upped his 12-month price target for the stock from $310 to $400. Another gave the stock a $390 12-month price target, up from $345 previously.

Here's a look at the stock's wild momentum -- and why analysts are so bullish.

Source Fool.com

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