Friday, December 6, 2024
Archived Post

Apple’s stock hits an all-time high as company’s market value tops $700 billion

Apple’s shares traded above $134.54 today, surpassing a previous all-time intraday high set in April 2015. What’s more, the tech giant has reclaimed its throne as the only $700 billion publicly-traded U.S. company, riding a post-earnings rally and a more favorable outlook on Wall Street.

Goldman Sachs raised its price target on the stock on Monday, citing Apple’s 3-D sensing technology, while UBS released a note stating the market is undervaluing the firm’s services business. The last time Apple broke above the $700 billion level was in February 2015.  (Hey, check out our stock ticker in the right sidebar.)

Dennis Sellers
the authorDennis Sellers
Dennis Sellers is the editor/publisher of Apple World Today. He’s been an “Apple journalist” since 1995 (starting with the first big Apple news site, MacCentral). He loves to read, run, play sports, and watch movies.