Apple jumped back up over US$170 again following news that Goldman Sachs raised its target price for the Mac and iPhone makeris stock. The analyst firm bumped its target price $25 from $165 to $190, according to Reuters.
Apple previously climbed above the $170 mark on Tuesday to hit $170.13. The Cupertino-based companyis market cap is currently $148 billion.
Investors have high hopes for Appleis fourth quarter results, which the company will announce during a conference call scheduled for October 22. Analysts are predicting Apple will report strong Mac sales along with healthy iPod and iPhone sales.
Apple is currently trading at $170.19, up 3.40 (2.04%).