Apple stock is currently trading in the $244 price range and has surged by nearly 10% in a month. An investment of $1,000 turned into $1,100 in 30 days making AAPL among the top-performing assets in the stock market. Both retail investors and institutional funds have heavily invested in the tech giant and its market cap tops $3.68 trillion.
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It is among the stock that has regularly delivered results and is an investors’ top bet. From expanding its presence globally to being the leader in the mobile phone sector, Apple has always been at the forefront of innovation. In this article, we will explain how high Apple stock could trade 10 years from today in 2035.
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Apple 2035 Price Prediction: How Will Can AAPL Reach?
Stock brokers evaluation firm Traders Union has painted a bullish picture for Apple stock in 2035. According to the prediction, AAPL could nearly triple in price in the next 10 years making it a promising investment for the long term. Investing $10,000 today could reap the rewards and make investors’ portfolios swell by 2035.
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The forecast estimates that Apple stock could reach $742 in 2035 and hit a maximum high of $783. That’s an uptick and return on investment (ROI) of approximately 200% from its current price of $244. Therefore, an investment of $10,000 could turn into $30,000 if the price prediction turns out to be accurate.
In addition, 31 Wall Street analysts have given Apple stock a ‘strong’ buy call while 51 analysts give it a ‘hold’ call. The development shows confidence in AAPL as all fundamentals point towards a price uptick. Apart from Apple, read here to know how high Amazon (AMZN) could surge in the charts in the next 12 months. Amazon is also the most sought-after stock in the US markets with a market cap of $2.38 trillion.