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Apple (AAPL) stock notched a new record high price on Tuesday after receiving a bullish report from Stifel Nicolaus analyst Aaron Rakers. Apple stock fell 0.9% to 117.61 on Tuesday, but earlier in the trading session it hit an all-time, split-adjusted high of 119.75. Apple (AAPL) shares have reached new highs in seven of the last 10 trading days on bullish sentiment ahead of the holiday shopping season and the release in early 2015 of the Apple Watch. Plus, Apple is benefiting from the successful launch of the iPhone 6 series smartphones. In a note Monday, Rakers hiked his price target on Apple to 130 from 115. He has a buy rating on the stock. Rakers raised his revenue and profit forecasts for 2015 based on the inclusion of estimates for the Apple Watch smartwatch. While he has many unanswered questions about the Apple Watch rollout, his “initial guesstimate” is for Scalper1 News
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