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Apple Shares Hit A Record High, Jefferies Analyst Expects It To Reach $900

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Back in April, Apple stock (AAPL) reached an all-time high of $644 taking the company’s market capital to over $600 billion. Today, AAPL passed that mark once again, hitting a fresh record of $644.13 per share, following which Jefferies analyst Peter Misek boosted his price target to $900 from $800, and predicted that the iPhone 5 could be “the biggest handset launch in history”, which according to him, the company will announce next month (via WSJ). The analyst has also predicted a new Apple TV product is currently in full production.

Detailing from the source:

Apple shares are up more than 12% since late July when the company reported its latest earnings report. The tech juggernaut’s results missed analyst expectations, which sparked a selloff and raised concerns about the company’s growth rate.

But those worries have quickly faded as the focus has now shifted to potential new products. Misek said his channel checks with Asian components producers suggest Apple may be close to launching  the long-rumored iPad Mini.

Apple’s shares have recently gained 1.1% to reach $643.45, while the stock has grown almost 59% during 2012.

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  • Jay

    Hit A Record High, Jefferies 😉

  • K3

    When that additional “secret” building appears in Oregon I would like to be the first one to make use of the iDelorean… travelling back to 2008/purchasing stock at $85 just feels an appropriate first use of time travel now.

  • Christopher Jones

    How many shares does APPL have? 940 or 950 million?

  • Christopher Jones

    I figured it out, thank. AAPL has 937.41 million shares

  • Guest

    Sorry, AAPL, not APPL

  • No one said APPL?

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