(CercleFinance.com) – Apple on Friday became the first American listed group to cross the threshold of 3,000 billion dollars in market capitalization.
The apple firm opened up 1.2% this morning to reach a new all-time high at over 192 dollars, a price that gives it a valuation of 3.017 billion dollars.
Apple’s valuation had briefly exceeded this symbolic bar in January 2022 before falling below this threshold due to the supply problems that the group had encountered in China.
Since the beginning of the year, the action has climbed by more than 45%, driven in particular by the enthusiasm surrounding the stocks most exposed to artificial intelligence, the ‘Magnificent Seven’ (Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta and Tesla) as Bank of America strategists call them.
Despite its record capitalization, many analysts believe that the stock still has significant upside potential given its large user base and strong growth in services.
‘We believe that its fair value could be around 3.5 trillion dollars, with a favorable scenario which could bring it to 4.000 billion by 2025’, estimate the teams of Wedbush Securities.
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