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Markets · Investing · Business
Finance
Can Apple Stock Double to $600 in 5 Years?
After shares posted a 134% trailing five-year gain, investors are now focused on what the next half decade will bring.
Apple(NASDAQ: AAPL) is certainly a favorite among the investment community. That's because it has been a major driver of portfolio returns. It helps to have Warren Buffett's endorsement, as the consumer tech titan makes up more than 20% of Berkshire Hathaway's public equities portfolio.
This "Magnificent Seven" stock has rocketed 134% higher over the trailing five-year period (as of June 11). It's now 6% off its all-time high, with shares trading for $295 today.
Details
Can Apple stock effectively double to reach $600 in five years? It would require a compound annual growth rate of at least 15% with stable valuation multiples.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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