Apple stock gains as market value nears USD 5 trillion

Apple stock (ISIN US0378331005) closed at USD 339.75 on the Nasdaq on September 22, 2026, gaining 0.23 percent as the company moved back toward a USD 5 trillion market value. The session high was USD 345.34, while the close valued Apple at USD 4.96 trillion.

Apple approaches a major valuation mark

The latest move followed a session in which Apple traded between USD 338.75 and USD 345.34, according to the dated market account published on September 23, 2026. The Nasdaq Composite gained 0.45 percent to 27,244.28 on the same session, so Apple rose 0.22 percentage points less than the index.

Apple would need a closing price of USD 342.602 to exceed a USD 5 trillion market capitalization, according to Dow Jones Market Data as reported by Mint on September 23, 2026. That threshold sat USD 2.852 above the September 22 close.

Quarterly growth supports the valuation

Apple reported USD 109.42 billion in revenue for the quarter reported on July 30, 2026, up 16.4 percent from the same quarter a year earlier. Earnings reached USD 2.02 per share, compared with USD 1.57 in the prior-year quarter, and exceeded the USD 1.89 consensus estimate by USD 0.13, according to MarketBeat on September 23, 2026.

The same quarterly report showed a 27.62 percent net margin, giving investors a concrete counterweight to the premium valuation. The result is also a quantified comparison: revenue rose 16.4 percent year over year, while EPS increased USD 0.45 from USD 1.57 to USD 2.02.

Analysts set a wider range

Bank of America analyst Wamsi Mohan maintained a Buy view and a USD 370 price target in a report dated September 17, 2026, as reported by Mint. The target is USD 30.25 above the September 22 close.

MarketBeat reported on September 23, 2026, that Apple had a consensus rating of Moderate Buy and an average target price of USD 340.14, while Wells Fargo raised its target from USD 310.00 to USD 350.00 on July 31, 2026. The spread between the consensus target and the Bank of America target is USD 29.86, showing that valuation expectations remain broad.

Apple stock stays near its yearly high

Apple stock closed USD 5.59 below its 52-week high of USD 345.34 and USD 96.33 above its 52-week low of USD 243.42, based on market data dated September 23, 2026. Its 50-day moving average was USD 321.17 and its 200-day moving average was USD 295.97, placing the September 22 close USD 18.58 above the shorter average and USD 43.78 above the longer one.

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