Why Did Apple Stock Rise To An All-Time High Yesterday?

    Why Did Apple Stock Rise To An All-Time High Yesterday? Investors are bullish on the tech titan's growth prospects.  

What happened

Shares of Apple (AAPL 3,55%) rose 3,5% to a record closing price of $171,18 on Tuesday after an analyst set the stock a price target that represented a new high amongst Wall Street forecasts. .

So what

Morgan Stanley analyst Katy Huberty is now seeing Apple's stock rise. If her prediction is correct, investors will have the opportunity to earn more than today's price. Huberty can see Apple's share price soaring as investors search for high-quality companies considered safe investments. It is also expected that Apple's supply chain difficulties will decrease in the coming days, thus increasing iPhone sales.

Why Did Apple Stock Rise To An All-Time High Yesterday?

Additionally, Huberty argues that Apple's current stock price does not fully reflect its ability to innovate. On the other hand, the technology giant's self-driving vehicle technology and It is also reported that investors are also developing augmented reality products that can increase demand for their shares before their expected launch dates.

Now what

Few companies match Apple's track record of innovation. Apple has repeatedly created game-changing products. In contrast, Apple's share price could be considered to rise to Huberty's $200 price target next year.  

Source: The Motley Fool

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