A stunning rally. Apple’s stock is up about 47 percent for the year, and seems destined to continue its ascent. Analysts certainly seem to think so: Earlier this week, Morgan Stanley and Canaccord Genuity both lifted their price targets on AAPL to above $700.
At $600, Apple has about a $550 billion market cap. At $700, its market cap would be around $603 billion.
And at somewhere around $1,072? $1 trillion.
Which is certainly a long way off, but not implausible.