“Analyst Charlie Wolf at Needham & Company has substantially raised his company’s target price for AAPL stock, going from $620 to $750 in the wake of Apple’s continuing price rise,” Electronista reports.
“The company symbolically broke Microsoft’s record for all-time highest valuation earlier this week with a close at $665, though it is currently trading slightly lower,” Electronista reports. “Accordingly, Wolf has created a new target price of $750 per share, anticipating strong performance of expected new and refreshed products in Apple’s holiday lineup to close out the year.”
Electronista reports, “Wolf did not change his 2012 overall earnings estimate of $43.75 per share, nor his 2013 prediction of a $50 EPS average. He also maintained his ‘Buy’ rating on the stock.”
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