
Apple has found its groove again.
The iPhone maker’s stock hit $133.82 in early trading Monday, putting Apple less than $1 away from its intraday trading high of $134.54, reached in April 2015. Apple’s stock ended the day at $133.29, beating its previous record closing price of $133, set in February 2015.
The stock surge, pushing Apple (AAPL) to a $700 billion market cap, comes amid renewed optimism for the iPhone.
Goldman Sachs raised its price target for the stock on Monday, citing the likelihood of “major new features” like “3D sensing” being
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