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Forget $600, Can Apple Stock Hit $700?

TheMotleyFool

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Less than a week after establishing a bull-case price target of $600 on Apple (NASDAQ: AAPL) shares, Wedbush analyst Daniel Ives is back with an even rosier forecast. Yesterday morning, he reiterated his outperform rating while boosting his estimates on Apple. Ives has increased his overall price target from $515 to $600 -- a new Street high -- and set a new bull-case price target of $700.

That would give Apple a $3 trillion market cap, based on the current number of shares outstanding.

Apple CEO Tim Cook. Image source: Apple.

Source Fool.com

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