Apple Stock: Next Stop, $375?
Apple (NASDAQ: AAPL) had a monster year in 2019. The shares nearly doubled -- up 86% -- as the consumer tech giant regained Wall Street's market-cap crown. A breather may seem natural at this point. It's not as if Apple is nearly twice the company it was a year ago, and its business certainly isn't appreciating at the clip of its ascending stock price. However, one analyst thinks that the rally isn't over.
Tom Forte at DA Davidson is kicking off the new trading week by lifting his price target on Apple shares from $300 to $375. His revised price goal is now the loftiest among his peers, taking out the previous Street high of $360. He's naturally sticking to his bullish buy rating.
Image source: Apple.
Source Fool.com
