Apple Inc. (AAPL) Reached Average Street’s Price Target Of $133.15 Per Share; What Next?

Apple Inc. (NASDAQ:AAPL) is having a tremendous 2015 so far with share prices going up by more than 20% Year To Date. The stock closed on a record high value of $133 per stock on Monday. This 2.7% move up on Monday also pushed Apple Inc. (NASDAQ:AAPL)’s market cap to around $775 billion. At this rate, no one can stop Apple Inc. (NASDAQ:AAPL) from becoming the world’s first Trillion dollar company. A ‘CNBC’ article discuss about Apple Inc. (NASDAQ:AAPL) stock performance on Monday.

Activist Investor Carl Icahn is very adamant about the fact that Apple Inc. (NASDAQ:AAPL) stock is pretty much undervalued at the moment and he keeps pushing Apple Inc. (NASDAQ:AAPL) to do more share buybacks to realize the true value of the stock. Barron’s Analyst Jack Hough also pointed out that Apple Inc. (NASDAQ:AAPL) stock is undervalued and might touch high side of $160 later this year. He mentioned that Apple Inc. (NASDAQ:AAPL) stock could return 25% to shareholders in 2015.

Apple Inc. (NASDAQ:AAPL) also announced on Monday that it would invest around $1.9 billion in a couple of European datacenters which runs purely on Renewable energy. Both this announcement coupled with Hough’s comments about returning 25% to shareholders propped the stock up on Monday.

Wall Street’s average target price on Apple Inc. (NASDAQ:AAPL) stock is around $133.15 and Apple Inc. (NASDAQ:AAPL) stock has already reached $133 and one could expect that there will many target price revisions in the days to come.

With this new record high Apple Inc. (NASDAQ:AAPL)’s market cap has almost touched $775 billion and the second largest public company in US, Exxon Mobile Corporation (NYSE:XOM) has the market cap of $377 billion. The gap between Apple Inc. (NASDAQ:AAPL) and second largest in US seems too big. This difference really reiterates the fact that Apple Inc. (NASDAQ:AAPL) is currently the world’s best company.

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