A day after Apple stock set a new all-time high mark, the company’s shares did it again, closing Wednesday at a new record.
At the end of trading today, AAPL closed up 0.37 percent at $137.11 per share, beating yesterday’s high of $136.68.
Apple stock has been a great investment the last few weeks. The company’s shares have experienced a steady rise since mid-November. Prices started booming after Apple posted its historic Q1 2017 earnings that revealed record-breaking iPhone sales.
Wall Street analysts have been raising their target prices on Apple over the last few weeks. Morgan Stanley’s Katy Huberty issued a note to clients raising her target price for Apple from $150 to $154. Analysts at Goldman Sachs also set a target price of $150.
Investors are also getting excited about the iPhone 8 that will launch this fall. The handset is Apple’s most anticipated device ever, with rumors swirling that it could pack a ton of new features that will trigger an avalanche of upgrades when it comes out later this year.
Buster Hein is a freelance writer who lives in Phoenix, Arizona. Twitter: @bst3r.
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