nndmarketing Stockbroker’s Insider reports that the next big Apple IPO is likely to happen in the first half of 2018.
It’s the same timeframe that the company has said it expects to have its iPhone 8 launch.
The analyst believes that Apple is in a “very good position” to hit the market with its next iPhone and that the Cupertino-based company could hit the stock market with a stock price that would be over $200 a share.
“The stock is trading at a high of $200, which is the high point that it’s been trading in the last month or so,” the analyst said.
“We think Apple is positioned to hit a new record high, possibly with a price that is at least as high as $200.”
He also said that Apple could also hit the IPO market at the end of the year.
“I think Apple has a lot of good things in store for the next quarter, and the next two quarters may be the strongest quarters for the stock,” he said.
The analysts expect that Apple’s share price will be higher than $250 a share and will have a price target of $250 to $300.