Friday, March 16, 2012

Apple Shares Hit $600; $1 Trillion Market Cap Seems Less Outrageous - John Paczkowski - News - AllThingsD

Interesting times

A stunning rally. Apple’s stock is up about 47 percent for the year, and seems destined to continue its ascent. Analysts certainly seem to think so: Earlier this week, Morgan Stanley and Canaccord Genuity both lifted their price targets on AAPL to above $700.

At $600, Apple has about a $550 billion market cap. At $700, its market cap would be around $603 billion.

And at somewhere around $1,072? $1 trillion.

Which is certainly a long way off, but not implausible.

Apple Shares Hit $600; $1 Trillion Market Cap Seems Less Outrageous - John Paczkowski - News - AllThingsD

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