AAPL Shares Hit Another All-Time High as Morgan Stanley Raises Apple Price Target to $200

Apple shares closed at a new all-time high today, rising 3.5% to finish the regular trading day at $171.18. Shares have also gained another 1% in after-hours trading, touching $173.

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Apple's stock is up over 32% this year and almost 14% in just the past month, with the company reaching a market capitalization of $2.8 trillion.

It's mostly been a fairly steady march upward for Apple shares over the past several months, with only a couple of significant dips including one last week following word that Apple has warned suppliers of weakening iPhone demand.

Apple's stock quickly rebounded from that dip, and today's high comes as prominent Morgan Stanley analyst Katy Huberty raised her price target for Apple's shares from $164 to $200, citing the potential of augmented reality and autonomous vehicles for Apple.

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Top Rated Comments

Lounge vibes 05 Avatar
33 months ago
And just this morning people were speculating about Tim Cook being ousted by the board.
Get real.
Score: 21 Votes (Like | Disagree)
TSE Avatar
33 months ago
I sold all of my Apple stock and replaced it with Intel stock. Intel is going to crush Apple.
Score: 12 Votes (Like | Disagree)
ceriess Avatar
33 months ago

Diamond hands!
I've been holding since 2004. I have over 17000 shares.
Score: 11 Votes (Like | Disagree)
topgunn Avatar
33 months ago
It doesn't seem like that long ago that Apple became the first company with a market cap of $1 trillion. It was just over a year ago that it hit $2 trillion. It is now a mere $190 billion away from $3 trillion. A trillion here, a trillion there, and pretty soon you're talking real money.
Score: 10 Votes (Like | Disagree)
Think|Different Avatar
33 months ago
I've been holding for so, so long. And there's no end in sight.
Score: 9 Votes (Like | Disagree)
TSE Avatar
33 months ago

You must be talking bull
Have you seen their ads? They absolutely decimated Apple's reputation with their anti-Apple advertisements. They convinced the entire world to buy PC.
Score: 9 Votes (Like | Disagree)