That target has been mooted since February when Apple shares reached new highs, surpassing the $700 billion market cap level. The current stock price of $127 a share gives the company a valuation of $744 billion.
Bullish sentiment is not just over the Watch, but also over Apple’s iPhone portfolio in China, which Cantor said is poised to benefit from a new upgrade cycle, as well as potential new areas of interest such as an electric car.
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