“The world’s most valuable company could become a lot more valuable if history is any indication,” Michael Newberg reports for CNBC.
“With its recent run, Apple’s total market capitalization is now above $750 billion,” Newberg reports. “And while that figure boggles some traders’ minds, a closer look at the singular mega-cap leaders of the S&P 500 throughout the last 30 years suggests that Apple’s market value could balloon to more than $1 trillion.”
“After Monday’s earnings beat, Cantor Fitzgerald analyst Brian White upped his price target on the stock to $195 per share, which would bring the company’s market cap closer to IBM’s percentage of the S&P 500 in 1985,” Newberg reports. “If Apple were to achieve the same percentage of the total market that IBM did in 1985, its market cap would be a staggering $1.28 trillion dollars.”
Read more in the full article here.
MacDailyNews Take: Bu, bu, but the “Law of Large Numbers!” (smirk)
Again, with Apple, we haven’t seen anything yet.