Gene Munster says Apple’s stock has a market cap of $ 3 trillion

Tech investor Gene Munster told CNBC on Thursday that he sees a reasonable path for Apple to reach a market cap of $ 3 trillion in the future.

The iPhone maker became the first publicly-traded US company to reach a market capitalization of $ 2 trillion in August, a milestone forecast by Munster in January when it claimed that the shares would trade in a 50 billion increase. %. As of Thursday, with its shares of around $ 133 per share, Apple was valued at nearly $ 2.3 trillion.

Munster, who held Apple as a longtime analyst at investment bank Piper Jaffray, told “Squawk Box” that he believes the California-based company could realistically reach $ 200 per share. This would bring its market cap to over $ 3 trillion.

“It has to be anchored in earnings. This is the highlight of Apple’s history, “said Munster, who co-founded venture capital firm Loup Ventures. He said his forecast is based on Apple’s trading with a price-to-earnings, or multiple, ratio. 35 for the 2022 earnings estimates.

“It’s been a year out there but I …

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