RBC: Trillion-Dollar Valuation Not Far For Apple Inc. (AAPL)

RBC: Trillion-Dollar Valuation Not Far For Apple Inc. (AAPL)
Pexels / Pixabay

The upcoming iPhone 8 and the upgrade supercycle will help lift Apple Inc. (AAPL) to a trillion-dollar valuation by 2019, RBC Capital Markets analyst Amit Daryanani believes. In a research note on Monday, Daryanani noted that the iPhone maker could hit a trillion dollar valuation within the next 12 to 18 months, according to MacRumors.

How much will the iPhone 8 help toward a trillion-dollar valuation?

For the first time, Apple Inc. (AAPL)’s market cap crossed the $800 billion mark earlier this month. RBC analysts raised their price target for the stock from $157 to $168.

“In aggregate, we see a scenario where in the 2019 fiscal year, Apple Inc. (AAPL) sustains $12+ earnings per share and, assuming the valuation frameworks remains stable/improves, it should get AAPL stock toward $192–$195, which would equate to a market cap above $1 trillion,” the analyst stated.

Bonhoeffer Fund July 2022 Performance Update

Screenshot 27Bonhoeffer Fund's performance update for the month ended July 31, 2022. Q2 2022 hedge fund letters, conferences and more The Bonhoeffer Fund returned 3.5% net of fees in July, for a year-to-date return of -15.8%.   Bonhoeffer Fund, LP, is a value-oriented private investment partnership for . . . SORRY! This content is exclusively for Rea