Rob Gronkowski says he's invested in Apple, labels the stock his 'best investment'

Published On Nov 26, 2024, 2:55 PM

Rob Gronkowski, the former NFL player, shared that he considers his investment in Apple Inc. (AAPL) to be his best investment ever, with current holdings valued at over $600,000. He initially bought $69,000 worth of Apple shares in 2014 after receiving a suggestion from a contractor while building his house. Gronkowski highlighted that the investment has significantly grown, with Apple stock appreciating by more than 23% over the last year and over 251% over the past five years, aided by new product launches and constant innovation.

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Stock Forecasts

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Positive

Given Apple's recent performance and ongoing product innovation, including the launch of iPhone 16 and enhancements in AI, the outlook for the stock appears favorable. Analysts are maintaining buy ratings which suggests continued confidence in the stock's growth trajectory. The market cap of Apple remains robust, and its historical performance supports this bullishness.

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