Apple Shares Just Closed At An All Time High Because Of This

Shares of Apple closed at an all-time high on Monday at $133.29 a share.

Its previous all-time high closing was $133, set in February of 2015.

So why did shares hit this new record? Goldman Sachs raised its price target on the tech giant, and cited the company’s 3-D sensing technology.

UBS also released a note on Monday estimating that Apple’s services business are undervalued by the market.

So far this year, shares of Apple are up more than 15%.

Disclaimer: We have no position in Apple Inc. (NASDAQ: AAPL) and have not been compensated for this article.

Sofia Vida

Sofia has been writing for major news outlets for over 15 years. In her spare time she enjoys hiking, walking her dogs, and going to concerts.

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