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Monday, May 6, 2013

Apple (AAPL) 2014 Price Target Raised to $525 - Barclays

Apple (AAPL) 2014 Price Target Raised to $525 - Barclays

Shares of Apple (AAPL) are higher by 1% to $454.30 this morning after Barclays raised the 2014 price target to $525 from $465.  Apple (AAPL) stock has jumped almost $70 per share off the $385 bottom just three weeks ago. Apple delivered it's first earnings beat in three quarters and provided a revenue beat as well.  The company slashed guidance which caused most analysts to cut their price targets.  Now that the stock has been rising, analysts might scramble to raise price targets on Apple (AAPL) again.  This is how the Wall St analysts game works.

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