Connect with us

Hi, what are you looking for?

Oracle of  Omaha Says – Investing and Stock NewsOracle of  Omaha Says – Investing and Stock News


Here’s how long Apple stock will take to hit $250 a share

Apple Inc (NASDAQ: AAPL) is already up about 25% from its low in June, but Gene Munster (Co-Founder of Loup Ventures) is convinced the iPhone maker still has a lot of room to the upside.

Munster defends his bullish view on the Apple stock

Munster recommends that long-term investors buy Apple stock here as it will be worth $250 a share over the next couple of years. Explaining his bullish view on CNBC’s “The Exchange”, he said:

It’s arguably the world’s greatest company. 70% of their products I deem as necessities, 30% are discretionary. They also have an opportunity to get into new markets. These are things that can really kickstart growth.

“AAPL” could sure be a great hedge against a looming recession if that many of its offerings, indeed, are non-discretionary.

The multinational is expected to unveil the iPhone 14 and a new Apple Watch at its “Far Out” event on September 7th. Wall Street also has an “overweight” rating on the Apple stock.

Apple is committed to diversifying its business

Apple is penetrating new markets, including health, automotive, and augmented reality, which, as per Munster, could prompt the next leg up in the stock price.

They’ve got a great core business and any of those three can unlock some significant new market potential. You can recount many times when Apple goes into new markets, that essentially unlocks higher multiple.

Apple will soon bring more ads to preloaded apps on the iPhone as well in an attempt to accelerate its revenue from services. In its latest reported quarter, services brought in $19.60 billion up 12% on a year-over-year basis. Apple stock is still down 10% for the year.

The post Here’s how long Apple stock will take to hit $250 a share appeared first on Invezz.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    Tele2 AB today announces a new partnership with security experts EBS to deliver a secure and managed IoT connectivity solution. Tele2 will support EBS...


    Anyone who has filled up the tank of their car this year will be aware of the rollercoaster ride that the price of oil...

    Latest News

    Sen. Patrick Leahy “was not feeling well” on Thursday and was admitted to the hospital overnight for observation, his office said in a statement....

    Latest News

    Joe Manchin is forcing Democrats into a brutal choice: Take a deal now to lower the costs of health care premiums and prescription drugs,...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2023