After Apple rallies to $1 trillion, even the uber bullish crowd on Wall Street believes it may need to cool off

After Apple rallies to $1 trillion, even the uber bullish crowd on Wall Street believes it may need to cool off

6 years ago
Anonymous $oIHRkISgaL

https://www.cnbc.com/2018/08/02/after-apple-rallies-to-1-trillion-even-the-uber-bullish-crowd-on-wal.html

Apple's historic feat in becoming the first publicly traded U.S. company to clinch a $1 trillion market capitalization has several analysts on Wall Street, normally a super bullish crowd, doubting whether the iPhone maker's shares can keep climbing at the same lofty pace.

Though shares have bounced more than 8.5 percent over the past three days, analysts across the Street only expect Apple to rise another 1.8 percent over the next 12 months, according to the consensus analyst forecast collected by FactSet. That's a far cry from the 31 percent rise over the past year.