Apple Computer, Inc. (AAPL) shares today closed at $51.31, up $1.53, or 3.07% on heavy volume of 21,985,020 shares to mark a new all-time high following announcements of iTunes 5 music jukebox software, a new iPod, the “iPod nano,” and the Motorola ROKR mobile phone containing Apple iTunes mobile software.
A slew of analysts from various firms have in recent days increased price targets on Apple Computer. Piper Jaffray yesterday raised their target price from $52 to $60, Credit Suisse First Boston raised its price target to $56 from $45, First Albany upped its Apple price target to $53 from $48, and UBS raised Apple’s price target to $59 from $54.
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