Analysts predicting Apple will hit $700
Apple Inc., getting a boost from anticipation of the new iPad, rose to a record today and may climb more than 20 percent to $700, according to analysts who raised their price targets for the stock. At least four analysts, including Katy Huberty at Morgan Stanley in New York, have increased price targets to $700 or higher in the past two weeks. That’s 23 percent more than yesterday’s closing price of $568.10. The stock had gained 40 percent this year before today.