“The world’s largest company by market capitalization got a little bit bigger,” Tim Higgins reports for Bloomberg.
“Apple Inc., which began flirting with a record valuation of $700 billion during midday trading in November, ended Tuesday at $710.7 billion, marking the first time a U.S. company has reached that milestone,” Higgins reports. “The stock continued its ascent Wednesday, climbing 1 percent to $123.27 in early trading [Apple’s market cap now exceeds $722 billion].”
“Analysts have a 12-month average target price of $132.56, according to data compiled by Bloomberg,” Higgins reports. “The highest target was $165, issued by First Shanghai Securities Ltd. on Feb. 3. Were Apple to reach that mark, the company’s market value would exceed $960 billion.”
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