Apple Reaches Historic Valuation

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Apple has become the first US Company worth more than $700 billion.  This comes as no surprise to analysts, who typically see record-breaking valuations following record-breaking earnings.  Apple reported fourth-quarter earnings of $18 billion.  This is more than any public company has ever reported in a quarter.  

To put this massive valuation into perspective, Apple is worth almost twice as much as Exxon Mobile, the second most valuable company at $385.4 billion.  Analysts are calling Apple stock a “screaming buy”, and see a 7% upside in the stock over the next 18 months.  The recent historic valuation comes at the heels of CEO Tim Cook participating in Goldman Sachs Technology and Internet Conference in San Francisco.  At the conference, he discussed the upcoming Apple Watch, as well as discussing plans for a 1,300-acre solar farm in Monterey County, Calif.  

Although some analysts are warning that Apple’s stock is getting too high, the majority of Wall Street sees no such threat to stop the company’s rise.  “There’s nothing changing the near term to suggest any competitive risk to Apple’s business and profit margins”, says Alex Gauna, analyst at JMP Securities.  Analysts believe there is no reason to question Apple’s massive valuation until the stock reaches at least $150.

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Virginia MacKoul

Virginia is a graduate from the University of Florida's College of Design Construction and Planning with a degree in Sustainability and the Built Environment, and a minor in Urban Regional Planning. Virginia joined the Front Street team in 2011, as an intern. Upon graduation, Virginia joined the Front Street team full-time as the Director of Client Services. Ms. MacKoul’s addition furthers Front Street’s continued growth and expansion within Gainesville and other North Central Florida markets. She was promoted to Director of Marketing in 2014 and now manages the firm’s team of interns and oversees all marketing and branding activity. Virginia was born in Boston and moved to Lee County, Florida in 1997. Virginia graduated her high school's International Baccalaureate program and started at the University of Florida with a focus on Architecture. Virginia shares Front Street's passion of giving back to the community and those in need. Virginia's hobbies include photography, cooking, football, movies, music, and spending time with her dog, Brinkley.

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