Consumer Electronics
Barclays: Apple To Become Most Valuable American Company At $352 Billion
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Barclays has set a new price target of $385 for Apple Inc (NASDAQ: AAPL) which is 31% above its current share price.
Apple is currently the second most valuable company in the US by market cap with at a total of $269 billion. Exxon (NYSE: XOM) has a market capitalization of $329 billion.
If Exxon’s share price stays the same, Apple would surpass it and reach a total market value of $352 billion. Of course, if Apple misses earnings for the last quarter, the shares could sell down below $250. They currently trade at $295, an all-time high.
Douglas A. McIntyre
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