Scalper1 News
Apple stock continued its journey into record high territory Monday as Wall Street awaits a brisk holiday shopping season, starting Thanksgiving weekend. Apple (AAPL) stock was up 1.5% near its intraday and all-time high of 118.36 in afternoon trading on the stock market today. Apple (AAPL) is riding high on the success of its iPhone 6 series smartphones, which debuted in late September. Susquehanna Financial Group analyst Chris Caso on Monday reiterated his positive rating on Apple stock and raised his price target to 135 from 120 on expectations for higher iPhone average selling prices. “Our recent checks suggest iPhone production of 60 million to 65 million (units) for Q4, consistent with our prior expectations,” Caso said in a research note. “Given persistently long delivery times, it’s clear that iPhone demand is still exceeding supply, and we won’t know the true level of demand until supply catches up and delivery times… Scalper1 News
Scalper1 News