Apple May Hit $1 Trillion Market Cap Again on Trade Deal, Analyst Says
This article is for subscribers only.
A resolution to U.S.-China trade tensions could add as much as $25 a share to Apple Inc.’s stock price and take it back to a $1 trillion market value, according to Wedbush Securities analyst Daniel Ives.
A $25 increase would be about 13% above Apple’s closing price of $194.15 a share on Thursday and would take its market value back into 13 figures. Apple in August became the first U.S. company with a $1 trillion value, though it’s been below that since November. Apple shares were down 1% at 4:12 a.m. in New York trading before U.S. exchanges open.