Technology analyst Gene Munster (one of Wall Street's most well-known Apple experts) recently gave Apple Inc. (NASDAQ: AAPL) a new price target of $350 per share in the next two years.
That Apple stock price prediction calls for 70% gains in just 24 months.
How is that possible when the company has been facing many challenges to future growth, including a slower economy in China?
Technology analyst Gene Munster (one of Wall Street's most well-known Apple experts) recently gave Apple Inc. (NASDAQ: AAPL) a new price target of $350 per share in the next two years.
That Apple stock price prediction calls for 70% gains in just 24 months.
How is that possible when the company has been facing many challenges to future growth, including a slower economy in China?
Here's everything you need to know...
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Just like cloud computing set up a massive rally in shares of Microsoft, the 5G boom is poised to do the same for Apple stock.
At the moment, Apple phones are not built for the rollout of 5G.
This may or may not have been an intentional move on the part of Apple management.
If 5G is as big a deal as most expect, Apple users will quickly clamor for the capability.
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While JPMorgan is far from the first Wall Street firm to see a love connection between these two giants of Silicon Valley, Apple stock's increasingly perilous state makes this acquisition more likely than ever.
You see, recent reports from Cupertino suggest that the future of Apple stock is on the rocks.
In fact, just this week, the company's stock slumped over 2% on news that the company's app store revenue had declined last quarter.
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Despite a recent bounce, Apple stock is still well off its all-time high. Wall Street remains focused on iPhone sales, which have flattened out in recent years.
But as usual, Wall Street is looking in the wrong direction - backwards.
The future of Apple lies not with the iPhone, but with its move into a new - and far more lucrative - business.
This new business could generate as much as $1 trillion in wealth...
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The Apple stock price is now down about 37% from its all-time high of $233.47 reached on Oct. 3. The steep decline has Apple investors worried, but this is nowhere near as bad as it looks at first glance - and it's definitely not as dire as the media has been reporting.
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It's been a tough year for Apple Inc. (NASDAQ: AAPL).
Flat iPhone sales, trade war attrition, and volatile market conditions have driven Apple stock down 26% over the last three months.
The trend has put a bad taste in Wall Street's mouth.
Over the last 30 days, eight financial analysts lowered their price targets for Apple.
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Now would seem to be a lousy time to buy Apple stock. It's down 21% from its peak. Anxious about negative iPhone sales reports, Wall Street analysts are stumbling over each other to downgrade the stock and chop their price targets. But those analysts are missing something crucial about the company - something that will drive the AAPL stock price to $300 by 2020.
You see, this is a company in transition...
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AAPL stock is hovering around $200 as investors punish the tech giant for underwhelming earnings guidance and a change to future reporting that will omit the unit sales numbers of its iPhones and other hardware. But this is no time to panic sell Apple stock.
But this news will keep the pressure on Apple shares for a while, creating buying opportunities if you know what to watch for.
Here's how investors should play this...
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The Apple self-driving car is back. Well, the chatter about it is. A recent analyst report predicting the arrival of an Apple Car as soon as 2023 reignited rumors about the long-suspected project.
But when you look at what we know about the Apple Car and what we know about Apple the company, it's very unlikely we'll ever see a vehicle that will be sold to the public. This project is going in another direction.
This option not only suits Apple's strengths, but will deliver massive profits...
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Apple Inc. (NASDAQ: AAPL) became the first trillion-dollar company on Aug. 2, leaving many investors with the impression that AAPL stock had little room to run higher.
That couldn't be more wrong.
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Some may think it's time to sell Apple stock now that it has reached the $1 trillion valuation milestone.
But they would be wrong.
AAPL stock still has significant gains ahead of it - although Wall Street has retained its lowball targets.
In just two years, Apple will be trading at $300 a share - a gain of nearly 44% from the current price.
Here's why the "experts" have underestimated AAPL yet again...
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To hear Wall Street tell it, the fact that Apple Inc. just became the first U.S. firm to reach a $1 trillion market cap is "big news."
I'm not so sure...
Please don't think I'm being cynical. After all, I'm one of the biggest Apple bulls around.
Here's the thing. While the $1 trillion valuation coming on the heels of a great earnings report is a key milestone for all tech investors, Apple's historic status isn't a surprise.
At least not to those who have been following along here...
See, back in April 2015, I predicted Apple would make this notable achievement.
And since then, it's up 61%. That's nearly double the S&P 500's 33.4% return over the same period.
So, if you've been following along with my advice over the years, you've made a bundle here.
But that's the past. Unless you were one of the savvy ones who bet on Apple, it doesn't matter.
The question now is: Where's Apple going from here?
Here's my latest prediction...
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After Apple Inc. became the first company to achieve a trillion-dollar market cap on Aug. 2, many investors felt as though they'd missed out on one of the most historic run-ups in Wall Street history.
But they're just missing the bigger picture. In fact, the world's first trillion-dollar company is just getting started.
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Apple stock may be the gold standard of the tech era, but its size means limited profit potential.
For truly monster gains, we've got a backdoor pick that provides key technology for Apple's devices.
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On May 1, Apple Inc. released a stellar earnings report, pushing the company's stock up 4% in just one day.
Despite the company's recent performance, many investors are still skeptical that Apple stock is still the best investment available.
In just the last year, Apple's stock has already risen 36% - an increase that seems to give the company little room to continue its run.
Investor confidence has also been plagued with rumors about cutbacks at several of the company's largest manufacturing plants in response to dwindling Chinese sales.
However, wary investors couldn't be more wrong.
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