Insanely Great: Apple Shares Top $300
Steve Jobs must be smiling into his corn flakes this morning.
Apple’s stock rose above $300 per share today for the first time in the company’s history. It’s trading around $301 or so as I write this, which puts Apple’s market cap above $275 billion. The stock has spiked more than 40 percent this year, and analysts say it could go higher still. According to Thomson Reuters, 46 of 49 analysts who cover Apple have a price target of $300 or higher on the stock, and three of those have targets of at least $400 a share.
Apple (AAPL) is due to report fiscal fourth quarter results on Monday, October 18, after the bell.