FORTUNE -- On Sunday BMO Capital's Keith Bachman, citing "earlier availability" of the iPhone 5, raised the price he expects Apple's (AAPL) shares to reach in the next 12 months from $680 to $750.
He was already three days too late.
The stock, which opened September at $665.76, smashed through $680 last Thursday, closed Friday above $691 and broke $700 in after-hours trading Monday.
[Apple opened Tuesday at $699.47.]
Bachman is not the only Wall Street analysts having trouble keeping up with Apple's share price. More than half of the analysts we track raised their 12-month price targets this summer into the 750-900 range ($770 is currently median target, according to Thomson First Call). We expect they'll have to do it again before January.
Meanwhile, we've got several analysts at exactly $700 and at least two -- Pacific Crest's Andy Hargreaves ($690) and Morningstar's Michael Holt ($670) -- well under water.
At the other end of the spectrum, Topeka's Brian White set a Street-high $1,111 target in April and seems to be sticking with it.
mvella1271 18 Sep, 2012
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Source: http://rss.cnn.com/~r/fortunebrainstormtech/~3/Zwum1IpWV_I/
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