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Benzinga
Benzinga
Business
Shanthi Rexaline

Here's How Much $1,000 Invested In Apple When The iPhone 13 Was Launched Is Worth Right Now

Apple, Inc. (NASDAQ:AAPL) is among the top choices for any portfolio, given its disruptive potential, active installed base that is ever swelling and high-margin Services business that promises to grow at an astounding pace.

Cupertino is by far the largest global corporation by market value. Even with the stock's advance, the valuation hasn't yet become prohibitive. Of the 29 analysts rating the stock, 23 have Buy ratings, while the remaining have Hold ratings, according to TipRanks. The average analyst price target is $193.11, suggesting there is potential for an incremental 16% upside.

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