Apple at a $3 Trillion Market Cap: Buy, Sell, or Hold?
(NASDAQ: AAPL) crossed a $3 trillion market capitalization on Tuesday, following a surge in the tech company's stock price this year. The iPhone maker's shares are up about 49% year to date, crushing the S 500's 19% gain over this same period.
With such a staggering rise, many shareholders are likely revisiting their investment theses on Apple shares. Now trading at more than 31x earnings, is the tech stock worth its premium valuation? Or is it time to move on, looking for a better place to invest capital?
Though you might imagine shares being overvalued after such an astronomical gain, there's actually good reason to continue holding.
Source Fool.com
Apple Inc. Stock
€202.85
0.320%
Currently there is a rather positive sentiment for Apple Inc. with 136 Buy predictions and 19 Sell predictions.
With a target price of 222 € there is a slightly positive potential of 9.44% for Apple Inc. compared to the current price of 202.85 €.
