barrons.com/amp/articles/apple-analysts-boost-targets-ahead-of-earnings-the-path-to-a-4-trillion-market-cap-51642175773
Apple had a big run in late 2021, pushing the stock close to the $3 trillion market capitalization level. Bulls think results for the fiscal first quarter ended Dec. 31 could spur the stock to finally eclipse that hurdle. The tech giant’s December-quarter earnings report is due just two weeks from now.

Bulls think results for the fiscal first quarter ended Dec. 31 could spur the stock to finally eclipse that hurdle. Loop Capital Markets analyst Ananda Baruah on Friday repeated his Buy rating on Apple shares, lifting his price target to $210. He believes the company will surpass Street expectations both on iPhone units sold and for average selling prices in fiscal 2022.

Apple could post 10% to 15% growth in both iPhone and overall revenue this year, Baruah writes. December-quarter iPhone units were in the 84-to-85-million-unit range, above the Street consensus at 81 million. Piper Sandler analyst Harsh Kumar likewise repeated his Overweight rating on Apple shares.

Kumar says he sees healthcare and autos as “the next major growth markets for the company.” The move into those markets, he says, should set up the company to expand its valuation to $4 trillion and beyond. “We believe Apple has a favorable set-up for 2022,” he writes in a research note.
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