{"id":18379,"date":"2023-06-05T11:13:45","date_gmt":"2023-06-05T15:13:45","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/apple-stock-hits-new-all-time-high-it-could-keep-going\/"},"modified":"2023-06-05T11:13:47","modified_gmt":"2023-06-05T15:13:47","slug":"apple-stock-hits-new-all-time-high-it-could-keep-going","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=18379","title":{"rendered":"Apple Stock Hits New All-Time High. It Could Keep Going."},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000662848\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>\n        Apple<br \/>\n       stock hit a record intraday high early Monday as investors awaited the expected launch of a mixed-reality headset and any potential announcements about artificial intelligence.<\/p>\n<p>Apple stock (ticker: AAPL) rose 1.5% to $183.59 shortly after the open, surpassing the previous intraday record of $182.94 from January 2022. The stock reached $183.99 at one point.<\/p>\n<div class=\"paywall\">\n<p>The stock is on track to beat the tech giant\u2019s record closing high of $182.01, reached at the beginning of January 2022, according to Dow Jones Market Data.<\/p>\n<p>Anticipation ahead of Apple\u2019s Worldwide Developers Conference, scheduled to begin Monday and run through Friday, is likely driving those gains. The company is expected to launch a virtual-reality and augmented-reality headset, marking Apple\u2019s entry into the metaverse.<\/p>\n<p>Investors will also be keen to hear anything the company has to say about AI, or its strategy around the technology, which has taken the market by storm in 2023.<\/p>\n<p>Evercore ISI analysts see the stock climbing even higher, raising their Apple stock price target to $210 from $190 after conducting a deep-dive research effort on the company. \u201cApple remains positioned to sustain mid-single digit sales and double-digit [earnings per share] growth over [the] next several years with less volatility and high consistency,\u201d they wrote. The analysts reiterated an Outperform rating on Apple stock.<\/p>\n<p>They expect Apple\u2019s VR\/AR offering will contribute $10 billion in sales and 20 cents to earnings per share, or around 4%, annually in five years. \u201cThis is an opportunity that has been speculated about for a while and would be a great way for Apple to build on the incredible success of its Wearables business,\u201d they wrote.<\/p>\n<p>Write to Callum Keown at callum.keown@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/apple-stock-price-record-high-wwdc-adcc76c2?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Apple stock hit a record intraday high early Monday as investors awaited the expected launch of a mixed-reality headset and any potential announcements about artificial intelligence. Apple stock (ticker: AAPL) rose 1.5% to $183.59 shortly after the open, surpassing the previous intraday record of $182.94 from January 2022. The stock reached $183.99 at one point. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18380,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-18379","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Apple Stock Hits New All-Time High. 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