Today (December 13) before the US stock market, Apple rose more than 1% to $181.55. As of the close of the previous trading day, Apple's market value has reached $2.94 trillion, just one step away from 3 trillion.
Wedbush analyst Daniel Ives said Apple is on track to become the first company to reach a $3 trillion market capitalization this week, and Wall Street is beginning to realize that Apple's fundamentals will be stronger by 2022. $3 trillion will also be another watershed for Apple to fight back against those who have doubted it.
Daniel Ives previously gave Apple a "outperform" rating with a price target of $200. He believes that surveys of Apple stores, supply chain data and iPhone order delays confirm his bullish view that global demand for the iPhone 13 is currently about 10 million more than supply.
Despite the headwinds of chip shortages, Apple is currently on track to sell more than 40 million iPhones during the holiday season. The analyst estimates that in China alone, about 15 million phones were upgraded to iPhone 13 in the December quarter, and the China region remains Apple's main source of revenue. In addition, according to his recent survey in Asia, new products such as the highly anticipated AR headset Apple Glasses will debut in the second half of 2022; Given this huge market opportunity and the broader metacosmic ecosystem, the launch of the new product could increase Apple's SOTP valuation by $20 per share.
Coincidentally.
Loup Ventures analyst Gene Munster said that for Apple, the $200 price target is still "too conservative".
Munster believes that apple's earnings per share will reach $7 by fiscal 2023, corresponding to a share price of $250, meaning more than 30% upside. The analyst is optimistic about Apple's involvement in the metacosm and autonomous driving areas.
"AR or MR glasses are Apple's logical contribution to the metaverse, where we will play and work in a more immersive digital world," Munster said.
On the self-driving side, Munster is cautious, arguing that Apple's car may take more than five years to launch. Still, he didn't shy away from articulating the value that new opportunities could bring. "If you assume that Apple can capture 10 percent of the automotive market, $60,000 per vehicle is equivalent to $540 billion in annual revenue. I believe that based on Apple's current business and the business it may add in the future, Apple's best days are still ahead."
In addition, JPMorgan Chase recently raised Apple's target price from $180 to $210, which is the highest target price currently given by Wall Street investment banks, and there is still 17% upside from the closing price of $179.45 on December 10.
In the long run, Apple deserves investors' attention. But some analysts believe that even if Apple can break through the market value of 3 trillion yuan, its upward momentum may gradually weaken in the following period of time.
The analysis pointed out that whether it is autonomous driving or meta-universe, Apple may not be able to reap the main results from these projects until after 2025, and some recent negative news, such as: Apple has triggered a class action lawsuit due to the Apple Watch problem, Goldman Sachs analysts said not to buy Apple when iPhone demand may slow down, and the media said that Apple told suppliers that iPhone demand is slowing down, etc. have been diluted by positive sentiment in the market.
At the same time, Apple's stock price has been at its peak for too long. Historically, the longer a stock price has been close to its highs, the more it has corrected.
Cow friends, are you optimistic about Apple's future performance?
Is now the right time for layout?
Who will be the next company that could break through the $3 trillion market cap?
Welcome to discuss it together in the comments section
Edit/isaac
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