Apple has landed its first $1tn valuation call from Wall Street.
Cantor Fitzgerald became the first brokerage to put a price target that gives the iPhone maker a market value of more than $1tn, linking its increase to the company’s strengthening position in China and the looming launch of its first new product category in five years.
Analysts with the New York-based brokerage said shares could rise to $180, valuing the company at $1.05tn based on Apple’s share count on January 9.
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