Why Apple Stock Climbed to a New All-Time High Today

Shares of Apple (NASDAQ: AAPL) rose 3.5% to a record closing price of $171.18 on Tuesday, after an analyst placed a price target on the stock that represents a new high among Wall Street's estimates.  

Morgan Stanley analyst Katy Huberty now sees Apple's shares rising to $200, up from a previous forecast of $164. If she's right, investors could enjoy gains of roughly 17% from today's price.

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Source Fool.com