Apple Analysts Boost Targets Ahead of Earnings. The Path to a $4 Trillion Market Cap.

Jan 16, 2022

Apple Analysts Boost Targets Ahead of Earnings. The Path to a $4 Trillion Market Cap.

Analysts continue to remain enthusiastic about Apple's prospects ahead of the company's December-quarter financial report, which is expected in just two weeks.

Apple (AAPL) had a strong run in late 2021, bringing the stock near the $3 trillion market valuation threshold, which no other firm has ever achieved. Bulls believe the earnings for the fiscal quarter ending December 31 will propel the stock beyond that barrier. Apple shares were up fractionally in the recent session, at $172.34. The company's market capitalization is $2.81 trillion.

Loop Capital Markets analyst Ananda Baruah reiterated his Buy recommendation on Apple stock on Friday, raising his price target to $210 from $165. In fiscal 2022, he predicts the business will outperform Wall Street projections in terms of both iPhone unit sales and average selling prices. According to him, Apple might produce a 10% to 15% increase in iPhone and total sales this year, considerably ahead of the Street average of 4.4% growth.

According to Baruah, iPhone unit sales in the December quarter were in the 84-to-85 million range, higher than the Street average of 81 million. He expects December-quarter revenue of $122 billion and earnings of $1.95 per share, which is higher than the consensus of $118 billion and $1.88 per share. He also believes that the Street estimate for calendar 2022 iPhone production is too low—he expects 243 million to 245 million, while the Street predicts 240 million.

On Friday, Piper Sandler analyst Harsh Kumar reiterated his Overweight rating on Apple shares, raising his price target to $200 from $175. In a research note, he says, "We think Apple has a positive set-up for 2022. We expect that the iPhone's momentum will continue due to 5G adoption, notably in the United States and China. Furthermore, we envision growth in services and wearables countering some of our worries about Mac and iPad growth."

Kumar goes on to say that he views healthcare and automobiles as "the company's next big growth sectors." He believes that entering these industries will position the corporation to increase its value to $4 trillion and beyond.

"In healthcare, we envision the Apple Watch adding more and more functions, with the ultimate objective of giving a blood sugar monitoring device," he says. "Reports about the company's arrival into the automobile market continue to circulate among the industry. We feel this move is logical, given that the automobile serves as a hardware platform for Apple to offer its services."

Subscribe Our Newsletter

GameStop invests into Bitcoin as a reserve asset

Alex

GameStop Bitcoin Bet: From Meme Stock to Digital Treasury

GameStop Bitcoin decision puts the retailer in line with MicroStrategy and Tesla in holding crypto as a treasury asset.

Crypto
Top 5 Things to Watch in Markets in the Week Ahead
Top 5 Things to Watch in Markets in the Week Ahead

While little is known about the new version discovered in South Africa, experts believe it has a large number of mutations that might make it more vaccine-resistant and transmissible than the Delta variant.

Stocks
Get the ultimate solution: B2BinPay Get the ultimate solution: B2BinPay
Sponsored
Nato

Warren Buffett’s Investment Strategy: How to Master
Explore Warren Buffett's legendary investment strategy, rooted in timeless principles of value investing, patience, and discipline.

discover
A Beginner Guide To The Crypto Analysis Tools.

Anna

A Beginner Guide To The Crypto Analysis Tools.

Successful investment in the crypto world requires constantly studying market trends, monitoring specialized forums and social networks, and conducting technical analysis.

Fintech
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Constantine

    Best Copy Trading Software in 2025

    Best Copy Trading Software in 2025

    Alex

    What Is an AI Agent? The Future of Finance Explained

    AI Agent Explained

    Constantine

    How to Start a Liquidity Provider Business?

    How to Start a Liquidity Provider Business

    Constantine

    How to Start a White Label Brokerage?

    How to start a white label brokerage

    Constantine

    How to Start a Multi-Asset Brokerage?

    How to Start a Multi-Asset Brokerage

    Hazem

    Crypto Ransomware – How They Happen and How to Avoid Them

    Crypto ransomware explained

    Constantine

    Best Web3 Browsers in 2025

    Best Web3 Browsers

    Constantine

    Best DAO Projects in 2025

    Best DAO projects in 2025

    Alexander

    Crypto Nodes That Pay: Your 2025 Guide to Top Passive Income Opportunities in Crypto

    crypto nodes that pay

    Alex

    Pi Network: Scam or Groundbreaking Crypto? The Full Analysis

    Pi Network Explained

    Constantine

    Triple Net Lease: Meaning, Benefits, and Strategies Explained

    Triple Net Lease

    Constantine

    Hanging Man Pattern: How to Identify and Trade It Effectively

    Hanging Man Pattern

    Alex

    5 Infinite Banking Mistakes That Could Cost You Thousands

    Infinite Banking Mistakes to Avoid

    Aleksander

    Solana Firedancer: Solving Solana’s Biggest Problems with a New Engine

    Solana Firedancer explained

    Alexander

    What Is an Interest Coverage Ratio? How to Use This Financial Metric to Evaluate Company Health

    Interest Coverage Ratio Explained

    Hazem

    After-Hours Trading: Can You Trade After Financial Markets Close?

    After-Hours Trading Explained

    Alexander

    How to Scale a Crypto Exchange Business and Stay Competitive

    how to scale crypto exchange business

    Constantine

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Alexander

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Hazem

    Megaphone Pattern​: What Is It? How to Use It In Trading

    Megaphone Pattern​: How to Read & Trade with It

    Constantine

    Top 5 Liquidity Bridge Providers in DeFi

    Top 5 Liquidity Bridge Providers in DeFi

    Hazem

    Max Funded IUL Explained: Is It a Legitimate Financial Strategy?

    Understanding Max Funded IUL

    Alexander

    Tax Refund Timeline: When Will You Get Your Tax Return?

    how long does it take for tax refund

    Constantine

    Crypto Liquidity — What is it, and How to Measure It?

    What is Crypto Liquidity and How to Measure It?
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.