The Dow Jones Industrial Average hit 22,000 on Aug. 2 for the first time, receiving a boost from strong earnings posted by Apple Inc.
Apple shares surged nearly 6 percent in the premarket on Aug. 2 after the company’s quarterly results beat expectations.
“We continue to believe Apple remains among the most underappreciated stocks in the world,” Brian White, an analyst at Drexel Hamilton, wrote in a research report.
He raised his estimates and revised his price target from $202 to $208 per share.
Should shares of Apple climb to White's price target, the company will be worth over $1 trillion.
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
