Apple Stock Hits All-Time High, Market Capitalization Inches Toward $4 Trillion
Synopsis
Apple Inc. (AAPL) shares gained nearly 1% in Monday’s midday trade, hitting a new all-time high of $267.05, with the company’s market capitalization inching toward $4 trillion.
According to a report by TheFly, JPMorgan analysts raised their price target on the stock to $290 from $280 and maintained an ‘Overweight’ rating.
Apple’s market capitalization stood at $3.947 trillion at the time of writing. Retail sentiment on Stocktwits around the company trended in the ‘neutral’ territory.
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