Can Apple Stock Double in 5 Years? Here's What It Would Take.
In the last five years, shares of (NASDAQ: AAPL) have more than tripled. That impressive gain trounces the 77% rise of the Nasdaq Composite Index.
Key to this outperformance has been strong financial performance, but investors care about what the future holds, not necessarily what past returns looked like.
So, is it possible for this FAANG stock, which carries a market cap of $2.7 trillion (as of Oct. 24), to double in five years? Let's see what it would take for this to happen, and if this is a realistic scenario.
Source Fool.com
Apple Inc. Stock
€215.40
0.160%
Currently there is a rather positive sentiment for Apple Inc. with 140 Buy predictions and 13 Sell predictions.
On the other hand, the target price of 214 € is below the current price of 215.4 € for Apple Inc., so the potential is actually -0.65%.
