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.