Apple continues ascent; market value tops $720 billion

“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.”

Read more in the full article here.

Related articles:
Apple is basically a small country now – February 11, 2015
Apple: $710 billion and counting – February 11, 2015
Apple hits new all-time high, becomes first $700 billion company – February 10, 2015


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