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NEW YORK (TheStreet) -- Shares of Apple (AAPL) closed up 2.71% at $133, a record, reaching a market cap of about $775 billion.

At $133 a share, the company's stock is at a split-adjusted high, as the stock had topped $705 in 2012 before the company's 7-for-1 split last year, meaning an adjusted high of about $100.72, CNBC reports.

The stock started its climb in pre-market trading today after the tech giant announced that it is planning a $1.9 billion initiative to build and operate two data centers in Europe.

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The facilities, which will be powered by 100% renewable energy, will be located in County Galway, Ireland and Denmark's central Jutland. These two facilities will power Apple's online services for the iPhone maker's European customers.

Goldman Sachs also raised its price target on the company to $145 from $130 on Friday, saying the risk-reward is more balanced but "upside persists."

"We are updating our Apple scenario analysis and tactical map for 2015. The stock has appreciated by 20% versus a 6% increase in the S&P 500 since our last report [December 16], and recent data points have changed our key assumptions. Fourth quarter and 2015 iPhone units posted 12% upside to our prior bull case unit scenario, EPS exceeded by 8%, and operating cash flow exceeded by 31%," Goldman Sachs said.

In addition, CEO Tim Cook's presentation at the Goldman Sachs Technology and Internet Conference on February 10 has increased Goldman's confidence in Apple's platform momentum, particularly on Apple Pay, the potential for the Apple Watch, and the prospects for sustained iPhone growth.

"All of these factors and a powerful near-term catalyst lead us to increase our estimates and price target. Our scenario analysis reflects our increasingly bullish outlook, though the risk-reward has become somewhat less favorable. Given the current catalyst set and valuation, we still expect the stock to outperform," analysts noted.

Separately, TheStreet Ratings team rates APPLE INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:

"We rate APPLE INC (AAPL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • Powered by its strong earnings growth of 47.72% and other important driving factors, this stock has surged by 67.31% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, AAPL should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • APPLE INC has improved earnings per share by 47.7% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, APPLE INC increased its bottom line by earning $6.43 versus $5.66 in the prior year. This year, the market expects an improvement in earnings ($8.58 versus $6.43).
  • The net income growth from the same quarter one year ago has greatly exceeded that of the S&P 500, but is less than that of the Computers & Peripherals industry average. The net income increased by 37.9% when compared to the same quarter one year prior, rising from $13,072.00 million to $18,024.00 million.
  • Despite its growing revenue, the company underperformed as compared with the industry average of 30.7%. Since the same quarter one year prior, revenues rose by 29.5%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. When compared to other companies in the Computers & Peripherals industry and the overall market, APPLE INC's return on equity exceeds that of the industry average and significantly exceeds that of the S&P 500.
  • You can view the full analysis from the report here: AAPL Ratings Report