Apple stock expected to hit $400 in 2020

Apple stock price is among the best performers in the tech industry

Apple

Apple stock expected to hit $400 in 2020. Source: shutterstock.com

According to LearnBonds, Apple’s shares rose close to 90% in the past twelve months. However, market analysts are expecting further growth in the nearest future, despite the coronavirus outbreak.

The majority of analysts are confident in iPhone sales along with its strategy of generating income from Services and Wearables, Home and Accessories businesses. Besides, the sustainable growth from Mac and the iPad segment is also beneficial.

Wedbush company believes that Apple’s share price is ready to accelerate the rally in the following quarters of 2020. The firm is optimistic about the financial numbers and future fundamentals. WedbushIts sets the Apple price target at $400, citing the magnitude of the 5G upgrade cycle.

Apple’s temporary closure of more than 40 stores in China is having a negligible impact thus far despite the scary and concerning headlines from the region” and calls the closure impact a very containable risk
Wedbush

Apple generated Q1 revenue of $91.82 billion, up almost 9% from the past year period.

SEE ALSO:

 

facebook