Apple (AAPL) shares shot up $5.52, or 3.83%, to $149.67 in intraday NASDAQ trading after Citigroup raised its price target to $185 from $160.
Apple’s current 52-week high stands at $148.92 set on July 27, 2007. Apple’s 52-week low is $72.60, set on October 11, 2006.
In a research note to clients this morning, analyst Richard Gardner reiterated his “buy” rating on AAPL shares and said that signs show that Apple’s Mac sales will exceed estimates, with other catalysts, such as the release of Mac OS X Leopard and the European iPhone launch, looming.
[Thanks to MacDailyNews Reader “GizmoDan” for the heads up.]