Apple stock hits all-time high

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apple stock price
Apple stock prices spent the whole year on the rise and ended trading Wednesday with a $1 trillion valuation.
Photo: Buster Hein/Cult of Mac

It’s a great time to be an Apple shareholder.

Aided by a increased confidence rating from Goldman Sachs, Apple shares hit an all-time high today, with the price jumping to $133.76 per share before closing just above the company’s previous record of $132.54, set on May 17, 2015.

Shares closed Monday at an all-time of $133.29. Apple’s stock has been steadily ticking upward since May 2016. But after Apple released its historic Q1 2017 earnings report last month, the price of AAPL shares experienced a sudden surge.

Some investors think the stock still has a lot more room to grow, too. Analysts at Goldman Sachs raised the target price on Apple to $150, citing growing confidence in the sales potential of the 2017 iPhone.

In her report to investors, Goldman’s Simona Jankowski said the inclusion of 3-D sensing functionality and augmented reality in the 2017 iPhone is looking increasingly likely. If the iPhone 8 packs even half the new features that have been rumored — as can be seen in Cult of Mac’s iPhone 8 mockup — it will probably shatter sales records.

“This is a significant step-up in innovation vs. the prior two product cycle, especially when viewed in conjunction with the potential significant form factor change enabled by the move to an OLED display (e.g. removal of the bezels and the home button),” writes Jankowski.