Apple Inc.’s (AAPL) high-flying stock is up more than 30% so far this year, pushing the company’s market value beyond the never-before reached $1 trillion mark. Despite a relatively steep pullback earlier this month, a number of market analysts think the stock is poised to hit new highs.
Pointing to the stock’s price chart, TradingAnalysis.com founder Todd Gordon sees a rally to $235, telling CNBC’s Trading Nation that “Apple is in a very solid technical position.” Meanwhile, JPMorgan believes the tech giant’s transition from being a hardware-oriented company to a services-based one as stimulating ever-stronger growth, with analyst Samik Chatterjee giving Apple a $272 price target, implying 21% upside from Thursday’s close.
