Apple stock closed Tuesday’s bell at $232 and surged by nearly 5 points in the day’s trade by rising 2.10%. It snapped its three-day losing streak and bounced back in the charts after close to a month of trading sideways. However, investors remain skeptical of taking an entry position now as they believe the stock is yet to bottom out.
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In the last five years, AAPL stock spiked 190% but can it deliver positive returns for the next five years? In stocks, historical data rarely predicts the future as the market is dynamic and subject to major drastic changes. In this article, we will highlight what Apple stock could be worth in the next five years in 2030.
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Apple Stock: What Will AAPL Be Worth in 5 Years in 2030?
The United Kingdom-based trading platform BTCC remains bullish on Apple stock for 2030. The latest price prediction indicates that AAPL could surge in value and reach new highs in 2030. Taking an entry position now could prove beneficial as the forecast estimates larger profits to investors.
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According to the price prediction, Apple stock could reach a maximum high of $602 in 2030. That’s an uptick and return on investment (ROI) of approximately 160% from its current price of $232. Therefore, an investment of $10,000 could turn into $26,000 if the forecast turns out to be accurate in 2030. However, it is less than the previous five-year returns where AAPL printed 190% gains.
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The bullish price prediction indicates that Apple will remain to be the most sought-after stock in the markets. Both retail investors and institutional funds have made a beeline to accumulate the shares at every dip. If AAPL falls below the $220 to $210 mark this year, accumulating more could be the best option. It could deliver the desired results in the long term as the leading tech company has its wings spread worldwide.