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Topeka Capital Raises Street-High Target on Apple (AAPL) to $1,111

April 25, 2012 7:21 AM EDT
Get Alerts AAPL Hot Sheet
Price: $173.52 +0.12%

Rating Summary:
    39 Buy, 25 Hold, 7 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 12 | Down: 10 | New: 10
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Topeka Capital's Brian White, the Wall Street analyst who first broke into $1,000-price-target territory on shares of Apple (NASDAQ: AAPL), is boosting his target on the iPad and iPhone maker to $1,111. White maintains a Buy rating.

The new Street-high target follows blowout Q2 results from Apple Tuesday afternoon. The stock is indicated to open about 7 percent higher around $610.10.

White's new price target represents potential upside of more than 82 percent from where the stock is currently trading.

Analyst Brian White comments, "Last night, Apple's performance once again demonstrated how quickly Apple fever is spreading around the world and this trend continues to drive meaningful upside in the Company's financial results. We believe the negative vibes that have held back the stock over the past couple of weeks will now be replaced with the fear of missing the next leg up in the stock price that we are forecasting will reach $1,111.00 over the next year."

For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.


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