Apple Rises To Record: Will Shares Keep Powering Higher?
Apple’s stock closed at an all-time high, surpassing a 2012 record as investors look ahead to new products such as bigger-screen iPhones and a wristwatch-like device that may jump-start revenue growth. Bloomberg's Michael Regan and Adam Satariano take a look at the valuation on "Street Smart."
None.
How did you like this article? Let us know so we can better customize your reading experience.
Comments
Leave a comment to automatically be entered into
our contest to win a free Echo Show.
Sebright Chen
•
10 years ago
•
Contributor's comment
Apple's stock price is within expectation. Current price is $100.39, before-split price should be $702.73. Assuming Apple is able to grow at 3% per year, which is identical to the economy's growth rate, with a 13% discount rate, stock price should be $707.44
according to my calculation back in 2013. And, of course, Apple's growth rate is faster than the economy's average growth rate.
(0)
|
•
Share
