If Apple shares they rise about another 20%, the company will reach a market valuation of $2 trillion. The magic number that the stock needs to hit is $461.89.
But can Apple get there anytime soon?
Despite all the optimism coming out of WWDC, many analysts are still skeptical that Apple shares can climb that much higher given how much it’s already surged this year.
The consensus price target for Apple’s stock from the 39 Wall Street analysts that follow the company is about $343 — 6% below its price as of Tuesday morning.
And the highest price target for Apple is just $410.60, from China Renaissance Securities analyst Jason Sun.
Whether Apple can break through those targets remains to be seen — but it is a company that has frequently proven doubters wrong.
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