Bloomberg News

Apple Rises to Record on $1,000-a-Share Analyst Projections

April 03, 2012

An Apple store in Pudong, Shanghai, China. Photograph: Imaginechina via AP Images

An Apple store in Pudong, Shanghai, China. Photograph: Imaginechina via AP Images

Apple Inc. (AAPL:US), 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


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Companies Mentioned

  • AAPL
    (Apple Inc)
    • $112.94 USD
    • 1.16
    • 1.03%
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