Apple Inc. On Path To Be A Trillion Dollar Company: Analyst

3
Apple Inc. On Path To Be A Trillion Dollar Company: Analyst
ElisaRiva / Pixabay

Apple could soon turn out to be the first $1 trillion company, according to the analyst firm FBR & Co. While talking on CNBC’s “Fast Money,” FBR analysts claimed that the iPhone company’s stock will outperform the market and have given it a price target of $185, the highest among Wall Street analysts.

Software a “crown jewel” for Apple

Dan Ives and James Moore of FBR cited various reasons for their strong bullish opinion of Apple. One of them is Apple’s software, dubbed the “crown jewel,” which is expected to be instrumental in driving the iPhone maker’s market cap to $1 trillion. Moreover, as mobile phone hardware becomes more widely available, the software business will majorly contribute to Apple’s revenues, stated the analysts.

Massif Capital’s Top Short Bets In The Real Asset Space [Exclisuve]

Screenshot 2022 08 10 18.57.51 1Since its founding by Will Thomson and Chip Russell in June 2016, the Massif Capital Real Asset Strategy has outperformed all of its real asset benchmarks. Since its inception, the long/short equity fund has returned 9% per annum net, compared to 6% for the Bloomberg Commodity Index, 3% for the 3 MSCI USA Infrastructure index