An Analyst Price Target Parade on Apple (AAPL)

Apple (Nasdaq: AAPL) analysts are busy playing catch-up on the stock price after the company delivered a double dose of good news Monday.

Not only did Apple announce a much-anticipated dividend and share buyback, but the company said they sold a mind-blowing 3 million new iPad units in the debut weekend.

In just the last 2-days shareholders have seen 11 price target hikes, raising the average price target on the Street to $656.57, according to data from StreetInsider.com's Ratings Insider. This suggests another nearly 11 percent upside.

Here is a run-down of the past two days analyst price target action:

• Morgan Keegan boosts its price target to a new 'Street High' of $800.
  
• Wells Fargo lifted their valuation from $620-$340 to $630-$660.
  
• Goldman Sachs lifted their price target to $700.
  
• FBN Securities boosted its price target from $730 to $760, and had the 'Street High' target for a few minutes Monday.
  
• Mizuho Securities raised its price target from $635 to $700.
  
• Wedbush went to $750 and also briefly had the 'Street High' target on Monday.
  
• Credit Agricole boosted its price target to $725.
  
• Credit Suisse joined the $700 club on Tuesday.
  
• FBR Capital lifted its price target to $675.
  
• Citi also joined the $700-club.
  
• Strene Agee went up to $740.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In