There has been lot of speculation regarding Apple Inc (AAPL - Free Report) reaching the $1 trillion mark.
For a while now, analysts have been predicting that Apple will be the first company to reach the trillion dollars valuation. Per a recent report by GBH Insights analyst Daniel Ives, as quoted by Investors Business Daily, iPhone X cycle could help Apple reach the milestone figure as early as next year.
Apart from iPhone X, the analyst adds that the fast booming Services business and the rebound witnessed in China could propel Apple to new highs. A cash pile of $250 billion could help Apple make strategic acquisitions (Netflix, Walt Disney, Tesla and the rumors go on) and carry on with its gigantic shareholder return plan.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
There has been lot of speculation regarding Apple Inc (AAPL - Free Report) reaching the $1 trillion mark.
For a while now, analysts have been predicting that Apple will be the first company to reach the trillion dollars valuation. Per a recent report by GBH Insights analyst Daniel Ives, as quoted by Investors Business Daily, iPhone X cycle could help Apple reach the milestone figure as early as next year.
Apart from iPhone X, the analyst adds that the fast booming Services business and the rebound witnessed in China could propel Apple to new highs. A cash pile of $250 billion could help Apple make strategic acquisitions (Netflix, Walt Disney, Tesla and the rumors go on) and carry on with its gigantic shareholder return plan.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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