Apple Stock Rises by 2.15%, Let’s Talk About That

Apple (NASDAQ:APPL) investors rejoiced this past Monday once they saw the company’s stock rising by 2.15%. This change had taken place shortly after KeyBanc analyst Brandon Nispel shared some of his thoughts on Apple’s sales numbers. 

So he must have said some great things, right?

Apple’s Prospects for Growth Are Fascinating

Nispel had gone over the current status of the Apple brand. For starters, there’s the matter of a rise in iPhone demand. Nowadays, people have been mainly interested in upgrading their phones to ones compatible with 5G connectivity.

According to Nispel, that drive alone could amount to a boost in iPhone sales.

On the other hand, there’s the matter of Apple’s tendency to diversify its products. They’re constantly updating their devices in ways that separate newer models from their predecessors. 

By itself, that has always managed to produce its fair share of revenue streams. Imagine the potential sales numbers that Apple could reach by mixing these two factors.

Having said all of this, Nispel shared a prediction of his own. He believes that Apple stock could see itself growing by 16% over the next 12 months. For reference, that would translate into a stock price of $191 USD.

Our opinion on the matter? He’s got a point. Everything he said about Apple is true. As such, his predictions seem entirely within reach.