Apple Rises to Record on $1,000-a-Share Analyst Projections
Apple Inc. (AAPL), the world’s most valuable company, rose to a record in New York trading after two analysts projected the stock could surge to $1,000.
The stock climbed 1.6 percent to $628.29 at 9:56 a.m. after earlier touching $631.29.
Shares may advance to $1,000 by 2014, Gene Munster, an analyst at Piper Jaffray, said in a note to clients today. He raised his 12-month price target to $910 from $718. Brian White, an analyst at Topeka Capital Markets, yesterday set a price target of $1,001.
To contact the reporter on this story: Lisa Rapaport in New York at lrapaport1@bloomberg.net
To contact the editor responsible for this story: Lisa Rapaport at lrapaport1@bloomberg.net
Apple Rises to Record on $1,000-a-Share Analyst Projections
An Apple store in Pudong, Shanghai, China. Photograph: Imaginechina via AP Images
An Apple store in Pudong, Shanghai, China. Photograph: Imaginechina via AP Images
April 3 (Bloomberg) – Brian White, an analyst with Topeka Capital Markets, talks about the outlook for Apple Inc.'s stock. White speaks with Betty Liu and Dominic Chu on Bloomberg Television’s “In the Loop.” (Source: Bloomberg)
Apple Rises to Record on $1,000-a-Share Analyst Projections
Scott Eells/Bloomberg
Apple Inc. employees and members of the media walk through the new Apple retail location in Grand Central Terminal in New York.
Apple Inc. employees and members of the media walk through the new Apple retail location in Grand Central Terminal in New York. Photographer: Scott Eells/Bloomberg
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