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Apple Approaches $4 Trillion Valuation with $300 Target Price, 16% Stock Surge, and $500 Billion Added Since November

Dec 23, 2024, 04:20 PM

Apple Inc. is approaching a historic market valuation of $4 trillion, driven by strong demand for its iPhone 16 and advancements in artificial intelligence (AI). Recent analysis from Wedbush suggests that Apple could reach this milestone by early 2025, with a target price of $300 per share. The company's stock has surged approximately 16% since early November, adding around $500 billion to its market cap. Investor confidence has been bolstered by anticipated AI features and a successful launch in China scheduled for April 2025. Despite facing criticism for lagging in AI strategies compared to competitors like Microsoft, Alphabet, Amazon, and Meta, Apple is poised to become the first company to achieve a $4 trillion market cap, with its stock currently valued at about $264.7.