Apple (AAPL) Stock Hits All-Time High Ahead of Earnings Thursday
TLDR
- Apple stock hit an all-time high of $335.75, with the stock trading around $334โ$335 in Monday premarket
- Market cap stands at $4.89 trillion, with a 1-year price return of 56.32%
- Earnings are due Thursday, July 30 โ Wall Street expects EPS of $1.89 on revenue of $108.86 billion
- Appleโs AI strategy differs from peers โ itโs not building foundation models, instead using its device base to deliver AI features
- Analyst views are mixed: Morgan Stanley and HSBC are bullish, while KeyBanc downgraded to Underweight with a $250 target
Apple (AAPL) stock hit an all-time high of $335.75 on Monday, pushing its market cap to $4.89 trillion. The stock was up 0.29% in premarket trading, sitting just below that fresh record.
The 1-year price return now stands at 56.32%, a strong run by any measure.
Earnings are due Thursday, July 30. Wall Street expects EPS of $1.89, up from $1.57 a year ago. Revenue estimates sit at $108.86 billion, compared to $94.04 billion in the year-prior quarter.
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