This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Apple's Stock Touches $600 ... Again

NEW YORK ( TheStreet) -- Apple's (AAPL - Get Report) stock topped $600, a level not seen since April 27.

Shares of Apple have gained about 6% since June 25, when they closed at $570.77. Since that time, the value of the Cupertino, Calif.-based technology giant has risen by $34 billion to $560 billion, making it the largest company in the S&P 500. No. 2 is oil company Exxon Mobil (XOM - Get Report), with a market cap of $402.6 billion.

Since the beginning of the year, Apple shares have gained 48%, far outpacing the 14% return of the Nasdaq. They're up about 1% today.

Despite the run, analysts are projecting further gains. Of 43 analysts polled by Thomson Reuters, the mean price target is $714.05. The highest price target on Wall Street is Topeka Capital Market's Brian White, at $1,111.

Apple is scheduled to report third-quarter earnings on July 24 after the close of trading. Analysts surveyed by Thomson Reuters expect Apple to earn $10.33 per share on $37.33 billion in revenue.

Interested in more on Apple? See TheStreet Ratings' report card for this stock.

Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices.

-- Written by Chris Ciaccia in New York

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $124.75 0.00%
XOM $86.93 0.00%
FB $80.78 0.00%
GOOG $524.05 0.00%
TSLA $206.79 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs