Apple stock should be $250 as it is 'one of the world's greatest companies' - Markets Insider

• Apple should beryllium a $250 stock, according to Loup's Gene Munster, astir treble from its existent price. 
• He labeled the iPhone shaper arsenic "one of the world's top companies" successful a Wednesday interrogation with CNBC. 
• On Tuesday, Apple's marketplace headdress slipped beneath $2 trillion aft a study said request has weakened.

Apple banal should beryllium trading astatine $250, and investors should stay optimistic that consumers volition yet ramp up purchases of the company's products, according to Loup Funds managing parnter Gene Munster. 

A stock terms astatine that level would beryllium astir treble wherever they are now, trading Wednesday astatine $126. On Tuesday, Apple's marketplace headdress slipped beneath $2 trillion aft a study said request has weakened.

"This is debateably 1 of the world's top companies," Munster told CNBC connected Wednesday.

He added that portion the December 4th whitethorn look arsenic a disappointment to investors arsenic Apple warned of accumulation headwinds, the marque volition stay charismatic arsenic consumers determination to upgrade devices. 

"Ultimately consumers whitethorn hold for three, six, 9 months, but they're going to travel back, they're going to beryllium upgrading iPhones, Macs, iPads [and] I deliberation that's thing investors tin thin into," Munster said.

Investors could besides spot much upside from imaginable caller tech from Apple, including virtual world and investments successful the company's car project. 

Apple's uptick connected Wednesday enactment its valuation backmost supra the $2 trillion mark.

Apple archetypal topped that level successful August 2020 arsenic the pandemic supercharged its merchandise income owed to work-from-home trends. Sales of its laptops saw a important boost, portion its iPhone besides helped make grounds revenues. The valuation yet deed a precocious of astir $3 trillion erstwhile stocks peaked connected January 3, 2022.

But present Apple, according to a Monday study from Nikkei, is seeing weaker demand, specifically for its MacBooks, AirPods, and Apple Watch.

Apple has already seen weakness owed to wide-ranging COVID infections successful China, starring to reduced output from factories that marque its all-important iPhone. The reduced manufacturing output led to important pb times for customers to get their hands connected the fashionable iPhone Pro models.