Can Apple Stock Reach $500?
With the coronavirus likely to create a global recession, it may be hard to imagine Apple (NASDAQ: AAPL) shares soaring to $500, or over 75% higher than yesterday's close. But that's where Evercore analyst Amit Daryanani thinks the stock can go under optimistic circumstances. In a research note released over the weekend, Daryanani outlined an "upside case" where improved profitability could potentially drive multiple expansion.
Here's what investors need to know.
Image source: Apple.
Source Fool.com
