Apple hits record high; Carl Icahn sets new price target
Apple (AAPL) stock spiked to a record high for the second straight day after CEO Tim Cook outlined the company’s prospects on Tuesday at the Goldman Sachs Technology and Internet Conference in San Francisco. Apple stock was up more than 2% in late-afternoon trading on the stock market today, pennies off its all-time split-adjusted high of 124.92, reached earlier in the session. The Cupertino, Calif.-based company now has a market capitalization of $725 billion. Cook praised the upcoming Apple Watch smartwatch, said the rollout of Apple Pay is going faster than expected, and noted that the outlook is robust for iPhone, iPad and Mac computers. On Wednesday, activist investor Carl Icahn raised his price target for Apple stock to 216 from 203. In an open letter, he reiterated his call for Apple management to implement more aggressive stock buybacks. Cook said Tuesday that Apple will address its corporate cash allocation…