Trading at $170 per share, Apple’s current market value is $2.79 trillion which makes it the most valuable company, again. The launch of the new innovative upgrade across its product lineup has boosted the tech giant’s market value and judging on the latest trends, analysts predict that APPL share value will hit $200 this year.
In spite of supply constraints and high demands, Apple recorded $83.4 billion in revenue in Q4, 2021 with 29% Y-o-Y growth across products and services and quarterly earnings per diluted share of $1.24. The company’s CFO, Luca Maestri said that the record September quarter closed a “remarkable fiscal year of strong double-digit growth” and he accredited the success to sales performance, customer loyalty, and strength of their ecosystem.
New AR/VR headset and Apple Car will help Apple achieve $200 market value
In a new note to investors, Morgan Stanley’s Katy Huberty increase Apple’s price target from $164 to $200 on the basis that the company’s new products, AR/VR headset or Apple Car will significantly boost its market value. As per CNBC, she said:
“Today, we know that Apple is working on products to address two significantly large markets – AR/VR and Autonomous Vehicles – and as we get closer to these products becoming a reality, we believe valuation would need to reflect the optionality of these future opportunities.”
Huberty’s estimation resonates with the prediction of the tech investor and former Wall Street analyst, Gene Munster who said the Cupertino tech giant’s market cap will hit $3 trillion by 2022 with a $200 share price.
Based on AAPL’s trading at a price-to-earnings ratio or multiple, of 35 for 2022 earnings estimates, Gene Munster predicted that Apple’s stock price will reach $200 per share and “would put Apple’s market cap over $3 trillion.”
He said, that This is generally thought of as a play on iPhone, a 5G play. That’s good. That will impact the numbers in a positive way, but this acceleration of digital transformation, I think it’s powerful. People working from anywhere are going to be arming up in the next 12 to 24 months, buying more Macs, iPads, services.”