Is Apple Stock Overvalued?
Apple's stock price is up nearly 60% this year, and it has doubled in the last 12 months. At $2.16 trillion, the company's market capitalization is the largest on the U.S. exchanges; and until a recent pullback, shares were repeatedly hitting all-time highs.
Those data points might scare some investors away. After all, the company was already huge. Now, its market cap is roughly $400 billion more than the next two largest companies, fellow tech giants Amazon and Microsoft, which are both around $1.7 trillion.
Is Apple's big run a result of overly exuberant investors who have sent it soaring too high? Or can this tech behemoth keep getting bigger and continue to produce market-smashing returns?
Source Fool.com
