Apple (AAPL) Shares Get Back That Loving Feeling, Nears All-Time Highs
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Price: $333.74 +0.14%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.4%
Revenue Growth %: +15.8%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.4%
Revenue Growth %: +15.8%
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Apple (Nasdaq: AAPL) shares are making it a September to Remember, as the company is looking stronger today, keeping with its upward trend for the month. The stock has only closed lower one day, September 7, 2010, but has otherwise bested itself for nearly two straight weeks. Shares are currently trading 0.61% higher today, to $269.72.
Shares are just 3.3% away from a 52-week high of $279.01, which would also set another all-time high record.
Of course, Apple has had a banner 2010 so far, introducing their new iPad tablet device, as well as a slew of updates to current products, and a new revenue stream in iAd. Analysts are bullish all around, and rumors of a new iPad coming out just-in-time for the Holidays persists.
One of the big caveats from Apple investors is...”When are they gonna pay out all that cash?” The company has cash, cash equivalents, and marketable securities north of $45 billion (as of June 26, 2010).
But, with the company stronger than ever, untouchable products on the market, and new innovation in the pipeline, might there still be time to ride the wave or is it priced to perfection?
According to Wall Street there is still more upside, with the average price target on the Street at $341. That's another 27% upside!
Shares are just 3.3% away from a 52-week high of $279.01, which would also set another all-time high record.
Of course, Apple has had a banner 2010 so far, introducing their new iPad tablet device, as well as a slew of updates to current products, and a new revenue stream in iAd. Analysts are bullish all around, and rumors of a new iPad coming out just-in-time for the Holidays persists.
One of the big caveats from Apple investors is...”When are they gonna pay out all that cash?” The company has cash, cash equivalents, and marketable securities north of $45 billion (as of June 26, 2010).
But, with the company stronger than ever, untouchable products on the market, and new innovation in the pipeline, might there still be time to ride the wave or is it priced to perfection?
According to Wall Street there is still more upside, with the average price target on the Street at $341. That's another 27% upside!
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