Tuesday, May 9, 2017

Apple Euphoria Back As Drexel Sees $1 Trillion Market Cap

By Lu Wang
Bloomberg
May 9, 2017



The Apple Inc. euphoria is back. As the iPhone maker’s stock rallied to a record $153.01 Monday, Drexel Hamilton’s Brian White boosted his 12-month price target to $202, becoming the first sell-side analyst to project a market value exceeding $1 trillion. Carl Icahn made a similarly optimistic forecast in October 2014. Shares peaked seven months later and didn’t return to those levels until earlier this year.


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