Apple’s stock hits an all-time high as company’s market value tops $700 billion

Apple’s shares traded above $134.54 today, surpassing a previous all-time intraday high set in April 2015. What’s more, the tech giant has reclaimed its throne as the only $700 billion publicly-traded U.S. company, riding a post-earnings rally and a more favorable outlook on Wall Street.

Goldman Sachs raised its price target on the stock on Monday, citing Apple's 3-D sensing technology, while UBS released a note stating the market is undervaluing the firm's services business. The last time Apple broke above the $700 billion level was in February 2015.  (Hey, check out our stock ticker in the right sidebar.)