From Douglas McIntyre’s “Will Apple’s Market Cap Hit $3 Trillion Next Year” posted Christmas Eve on 24/7 Wall Street:
The Apple Inc. market cap is just shy of $2.26 trillion and up almost 80% this year. Some analysts believe the stock has much further to run. One [Wedbush’s Daniel Ives] has a price target of $160, compared to the current price near $130 a share. That would take the market cap to nearly $2.8 trillion. If Apple’s revenue handily beats expectations in 2021, that figure could well soar higher.
If Apple’s stock has done anything this year, it is outperform. Among the public companies with market caps over $1 trillion, it has done the best. Shares of Microsoft are up 42%, which has taken its market value to $1.7 trillion. Amazon stock is up 78%, which has driven a market cap of $1.6 trillion. Alphabet’s is up 27%, and its market cap is $1.2 trillion.
My take: Wait, what about the law of large numbers?