apple shares prices today rose 9 % april 25 2012

apple shares prices today rose 9 % april 25 2012 ; Apple Inc shares surged more than 9 percent in premarket trading on Wednesday, after the company's quarterly profit overshot Wall Street estimates on better-than-expected iPhone sales, particularly in the greater China region.

Shares of Apple were trading up $51.73 to $612.53 in trading before the bell on Wednesday. They closed at $560.28 on the Nasdaq.

A Goldman Sachs analyst raised his price target on the stock to $850, suggesting the company's shares could rise more than 50 percent in the next 12 months. Read apple stock prices target buy rating 2013

Analysts at Canaccord Genuity, RBC Capital Markets, Barclays Capital, Goldman, Robert W. Baird, Citigroup, Wedbush Securities and BMO Capital Markets boosted their price target on the stock. They continue to rate the stock a "buy" or its equivalent rating.

According to Thomson Reuters StarMine, 22 analysts rate the stock "strong buy," 23 rate it "buy," seven rate it a "hold' and only one rates it "strong sell." They have a mean price target of $680 on the stock.

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