Cramer Sees Apple Shares Rocketing to... $325... Huh?

With Apple (Nasdaq: AAPL) shares breaking to a new all-time high over $300 this morning, of course market pundit and CNBC host Jim Cramer was all over the stock today. This afternoon's Stop Trading! gave Cramer an opportunity to discuss where he thinks Apple is headed.

While Cramer predicted that Apple shares will not falter following today's move over yet another psychological barrier, his new price target, surprisingly, was relatively modest at $325 -- just 8% higher than where the stock closed today.

Cramer continued by pointing out that while some sources are already valuing the stock at $400, "I'm not gonna do that." (For some real upside, check out the valuation one StreetInsider analyst did earlier today.)

Cramer's seemingly glum upside target should have fundamentalists in the stock cringing; contrarians who are long Apple, however, are likely jumping for joy.

Seem like a crazy claim?

Let's take a look back at Cramer's late-2007 call on Google shares: just as the financial meltdown was warming up, shares of GOOG had sailed over the $600 and $700 levels... only to be beaten down to around $500 just a month after the pundit slapped a $1,000 target on the stock.

Now that's the Pollyanna I know, love and, lately, miss...

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