In As Apple heads towards delivering fiscal fourth quarter earnings report, its stock market valuation has started inching towards the magic figure of $400 billion.
Apples stock is now trading at an all-time high. For the year to date, the stock is up 31.9%. Over the last two years, the stock has doubled.
As of now, Apples market valuation stands at $391.2 billion. The company will reach a valuation of $400 billion if its stock hits $431.46.
At Fridays closing, Apples shares traded at $ 422. Even at this price, most analysts have a buy rating on Apple stock. The companys earnings are expected to keep rising in foreseeable future.
The next most valuable company is Exxon Mobil with market capitalisation of $379.8 billion. Microsofts valuation stands at, $228.5 billion.
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