Investors are pricing Apple Inc., Alphabet Inc., Amazon.com Inc. and other companies higher in the next few months, according to a Reuters/Ipsos poll.
In fact, the market for the companies is expected to outperform the S&P 500 in the coming months, said Mark Pincus, head of technology at Ipsos.
“The S&P 500 has fallen over the past couple of years and it will do so again in the near term, with Apple and Alphabet both in positive territory, and Amazon in the negative,” Pincuss said in a note.
He added that the companies could be among the first companies to hit the $200 trillion market cap mark within the next year.
The poll was conducted from June 20 to June 21 among 1,001 adults across the U.S.
The results showed Apple is expected at $203.21 a share.
Alphabet is valued at $204.06, Amazon is at $206.63, and Alphabet Inc. is valued $206,766.
Pincus attributed that to the fact that investors are willing to pay higher prices for tech companies.
“In addition to Apple and Google, investors are also willing to take on the risk of valuing tech companies higher than they would for other companies,” he said.
In recent months, Wall Street has begun to question Apple’s valuation.
In a report released last month, analysts from Goldman Sachs Group Inc. called Apple’s shares a “buy” and said it is on track to exceed $200 billion in market capitalization in 2018.