Here's Why Apple Stock Climbed Nearly 50% Last Year
Shares of (NASDAQ: AAPL) rose 48.2% in 2023, according to data from S&P Global Market Intelligence. The stock climbed last year thanks to a combination of strong operational performance and swelling investor optimism.
Investors aggressively bought shares in reliable, high-quality businesses last year, especially if they provided some upside potential relative to mature value stocks. Apple's ability to navigate a challenging macroeconomic environment created surging investor confidence, and the stock benefited as a result.
Image source: Getty Images
Source Fool.com
Apple Inc. Stock
€200.55
0.050%
Currently there is a rather positive sentiment for Apple Inc. with 105 Buy predictions and 8 Sell predictions.
With a target price of 208 € there is a slightly positive potential of 3.71% for Apple Inc. compared to the current price of 200.55 €.
