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Business
Sam Quirke

Apple’s Earnings Make $300 Look Like a Matter of When, Not If

Apple MarketBeat

Shares of Apple Inc (NASDAQ: AAPL) moved higher in Thursday’s after-hours session following its fiscal Q2 earnings report, setting the stock up for a potential move back towards last December’s highs. Apple has delivered strong quarters before, but this one lands differently.

Not because it was wildly unexpected; Apple, after all, has one of the better track records out there for beating expectations. However, this report reinforced a growing sense that the stock has a ton of room to run. At around $270, Apple is still trading well below where many analysts believe it should be, and this latest report helps explain exactly what's been holding the stock back and why that may be about to change.

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