Why an Apple Stock Price of $170 a Share Is Justified (AAPL)
February 17, 2015 at 17:12 PM EST
When the Apple stock price broke past $120.28 earlier this month, it gave the tech giant a valuation of more than $700 billion. That promptly set off speculation of if or when Apple Inc. (Nasdaq: AAPL) could reach a market cap of $1 trillion, which would require an AAPL stock price of a little over $170 a share. Money Morning Defense & Tech Strategist Michael Robinson believes the Apple stock price will hit that target - and should. The post Why an Apple Stock Price of $170 a Share Is Justified (AAPL) appeared first on Money Morning - We Make Investing Profitable .