“Apple’s (AAPL) approach to $300 brings it close to a $274 billion market cap, second only to Exxon Mobil’s (XOM) $315 billion value as the largest U.S. companies by stock value,” Scott Moritz reports for TheStreet.com. “Apple sits high atop the tech sector, with Microsoft now a distant second at $214 billion.”
“But even as Apple continues to climb to all-time highs, some analysts see reason to point even higher. On Monday, for example, Canaccord analyst Mike Walkley raised his price target for Apple by $10, to $366,” Moritz reports. “Still, as bright as Apple’s prospects may seem against other gadget makers, it doesn’t have the richest valuation among its tech peers.”
Moritz reports, “As one long-time Apple investor said regarding Apple’s $300 stock price: ‘I don’t know what to do. It’s hard to sell Apple when it’s the only stock I have that’s going up.'”
Full article here.