Apple Gets New $740 Analyst Price Target (AAPL)
Apple Inc. (NASDAQ: AAPL) may have had a new street high price target on Monday of $750.00 per share, implying that the company was worth close to $700 billion. Now we have a new raised target that is right on…
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The basis for the launch is that the new iPad sales have been far stronger than expected as the company recently announced the sale of 3 million iPads since the new product launch just a few days ago. Now a figure being thrown out there is potentially 60 million iPads rather than 55 million units this year.
Apple shares closed at $601.10 on Monday, a new record high. The current consensus price target objective from Wall Street analysts is now $627.04 and the current market capitalization rate on Apple is now above $560 billion.
JON C. OGG
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
