The rally for shares in Apple continues today, with the stock briefly touching an all-time record share price of $133.82 this morning. It’s now hovering around $133.68 (yes, we are obsessively watching the Apple World Today stock ticker in the sidebar).
What’s fueling this rise in share price? The stock jumped from about $121 per share to about $129 per share the day after Apple reported its Q1 2017 earnings, but it appears that there is a lot of anticipation for the next-generation iPhone(s) on Wall Street. Goldman Sachs raised its price target for AAPL to $150 today, and there’s optimism that the company can easily reach that number.
You’ll also notice that Apple’s market capitalization is just below $700 billion. A share price of $150 per share would bring the market cap to about $785 billion. If it ever got to about $191 per share, we’d see the first company with a valuation of $1 trillion…
If you’re as fascinated with the financial fortunes of Apple as we are, be sure to check out our stock ticker in the right sidebar.
