Apple could hit $1 trillion within a year, Morgan Stanley says (AAPL)
|05/24/2018||Posted by BusinessMediaguide.Com under General World News||
- Apple could reach a $1 trillion market cap in the next year, Morgan Stanley said Thursday.
- The bank upped its price target to $214 for the stock, citing Apple’s hugely successful Services business.
- Follow Apple’s stock price in real-time here.
Morgan Stanley has once again raised its price target for Apple.
The firm’s new price target of $214 a share, announced in a note to clients Thursday, would result in a market cap of $1.024 trillion, thanks to a booming services business that could make up for any slump in iPhone sales.
“Services is fast becoming Apple’s primary growth driver,” analyst read more >>>