A few of them even raised their targets as high as $400 a share. That's about 10% higher than Apple's current stock price.That also brings Apple's market capitalization to nearly $1.6 trillion. It's the most valuable company in America, and it's also the second best performer in the Dow in 2020 -- trailing only rival Microsoft, which is up nearly 30% and worth a little more than $1.5 trillion.
If Apple shares they rise about another 20%, the company will reach a market valuation of $2 trillion. The magic number that the stock needs to hit is $461.89.Despite all the optimism coming out of WWDC, many analysts are still skeptical that Apple shares can climb that much higher given how much it's already surged this year.
The consensus price target for Apple's stock from the 39 Wall Street analysts that follow the company is about $343 -- 6% below its price as of Tuesday morning. And the highest price target for Apple is just $410.60, from China Renaissance Securities analyst Jason Sun. Whether Apple can break through those targets remains to be seen -- but it is a company that has frequently proven doubters wrong.