Will Apple Hit $3 Trillion Market Cap This Week?

Will Apple Hit $3 Trillion Market Cap This Week?
The Apple logo is seen on the outside of Bill Graham Civic Auditorium before the start of an event in San Francisco, on Sept. 7, 2016. Josh Edelson/AFP via Getty Images
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After a not-so-enterprising first-half of the year, Apple Inc. shares began picking up steam in the second-half. An analyst at Wedbush said Sunday, Cupertino is inching closer to a milestone.

Apple on Doorstep of $3 Trillion Market-Cap

Apple is on pace to become the first $3 trillion market-cap company this week, as investors begin to better appreciate the company’s robust fundamental story into 2022, analyst Daniel Ives, and a prominent Apple bull said in a note.

“Hitting $3 trillion is another watershed moment for Apple as the company continues to prove the doubters wrong with the renaissance of growth story playing out in Cupertino,” the analyst said in the note.