One Analyst Thinks Apple Stock Is Worth $400 A Share: Is He Right?
Apple's (NASDAQ: AAPL) market capitalization will grow by roughly $200 billion as its stock price climbs to $400 within the next year.
So says Citi analyst Jim Suva. On Tuesday, Suva reiterated his buy rating and boosted his target price for Apple's stock from $310 to $400. That's the highest estimate among major investment banks -- and it makes Suva the biggest Apple bull among Wall Street analysts.
Citi analyst Jim Suva says Apple stock still has plenty of upside. Image source: Getty Images.
Source Fool.com
