The Ratings Game: Apple’s stock keeps rising, and Wall Street gets more bullish [MarketWatch]
Apple Inc. (AAPL)
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Source: MarketWatch
Apple’s stock keeps rising, and Wall Street gets more bullish Shares of Apple Inc. rallied Friday, as the sharp run-up in prices this year didn’t deter some Wall Street analysts to get even more bullish on the technology giant, citing optimism over the outlook of iPhone sales and the “underappreciated” opportunity in advertising. Apple’s stock climbed 0.9% in afternoon trading, putting it on track for the seventh record close this month, and the eighth straight week of gains. The shares AAPL, +1.19% have rocketed 68% this year, to add roughly $433 billion to the company’s market capitalization. Apple is the most valuable U.S. company with a market cap of $1.18 trillion, above second-place Microsoft Corp. MSFT, +1.29% at $1.14 trillion. That stock’s surge hasn’t deterred analyst Dan Ives at Wedbush from saying there’s a lot more room for gains. He reiterated his outperform rating, and raised his stock price target to $325 , which is about 23% above current levels, from $300. His t
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