Wamsi Mohan, senior IT hardware analyst at Bank of America Securities, reiterated his Buy rating and $256 price target on Apple in The Craman Countdown.
Rob Gronkowski has revealed that Apple has proven to be his “best investment” to date.
retired NFL tight end recently spoke to Fortune He first invested in the tech giant about 10 years ago, based on a proposal he received from a contractor building a home in Massachusetts. At the time, Gronkowski was in the midst of a nine-season stint with the New England Patriots.
“This is the best investment of my life,” he said.
Rob Gronkowski of the New England Patriots trains on the field before a game against the Houston Texans at Reliant Stadium on December 1, 2013 in Houston, Texas. (Scott Halleran/Getty Images/Getty Images)
He told Fortune that contractors have encouraged him to invest in Apple several times.
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“The guy who actually built my house in Foxboro said to me, 'Hey, buy Apple stock. That's what I mean, that's the problem.' I had never worked with stocks and had no idea how stocks worked. So I thought, “Okay, I'll let this person do it.'' And I thought, 'I'm going to go big,'” Gronkowski said in a video published by the outlet on Tuesday.
gronkowski told Fortune In 2014, he directed his financial advisor to invest $69,000 in Apple stock. That stock was the first stock he ever bought.
Gronkowski said the former NFL star forgot about the investment for “about two and a half years.”
“I forgot,” he told the outlet. “After about two and a half years, the stock is worth about $250,000, so I'm selling some of the $69,000 I bought.”
Rob Gronkowski of the Tampa Bay Buccaneers warms up before a game against the Carolina Panthers on January 9, 2022 at Raymond James Stadium in Tampa, Florida. (Mike Ehrman/Getty Images/Getty Images)
Apple's remaining holdings are now worth more than $600,000, Gronkowski said.
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“It all came down to an investment I made in 2014, and I had no idea what I was doing, I was just listening to the people who built me a home here in New England, so I’m grateful for that. ” he said.
In the past year alone, Apple stock has risen more than 23%.
Apple Inc. sign on 5th Avenue, New York, May 15, 2024. (Photographer: Michael Nagle/Bloomberg via Getty Images / Getty Images)
The tech giant has announced a number of new products in recent months, including the iPhone 16 lineup and Apple Watch Series 10 in September, and the latest version of the iPad Mini in October. They are also starting to add artificial intelligence capabilities to their devices.
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| ticker | safety | last | change | change % |
|---|---|---|---|---|
| AAPL | Apple Inc. | 232.87 | +3.00 |
+1.31% |
Over the past five years, the tech giant's stock has soared more than 251%. The company's market capitalization hovered around $3.5 trillion as of Tuesday afternoon.
FOX Business has reached out to Apple for comment on Gronkowski's comments.
