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via finance.yahoo.comMarkets

Apple hits $5 trillion, Melius reiterates Buy with $370 target

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Melius Research says Apple's run to a $5 trillion market value has been the "most disliked rally in history," but it believes the gains can continue. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA reiterated Buy on a mega-cap ahead of earnings can influence the stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Melius Research calls Apple's rally the most disliked in history.
  2. 02The stock trades at 36 times next-12-month EPS and is up 26% year to date.
  3. 03The price target is $370, with earnings due November 2.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Apple Inc.AAPLStock344.42 USD-0.39%today +0.28%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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