Apple Shares Break $400

FinancialNewsOnline | Jul 26, 2011 | 0 views

Shares of Apple Inc. (NASDAQ:AAPL) crossed the $400 mark for the first time on Tuesday morning.

The stock was last trading at $401.62, 0.7% higher than the previous close. The shares have gained more than 6% since the company reported strong earnings growth for the June quarter last week as a result of booming iPhone and iPad sales.

Apple has a potential upside of 24.8% based on a current price of $400.9 and an average consensus analyst price target of $500.24.

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