Apple stock soared above the $500 mark on Monday. That was big news, indicating that a rally was in the works.
Two weeks later, the rally's still going. Apple Inc. (APPL) has now surpassed Exxon Mobil Corp. as the most valuable publically traded company in the world, the Associated Press reports.
Analysts put the target price of Apple shares at around $588. Apple was showing $502.60 in after-hours trading yesterday, according to AP, and was showing around $504 today, according to CNNMoney.
The $500 mark "is a meaningless level," says CNNMoney. However, after an in-depth examination of what could drive the price up or down, the upshot is that Apple's price is more likely than not to keep climbing.
And a couple of shares would definitely beat the pants off a store-bought Valentine's Day card and dinner at Le Chez Snootay. In the long-term, anyway.
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