Apple shares hit an all-time high

Apple shares hit a record closing high in Nasdaq trading Thursday, reaching $140.69. That beats the company’s previous all-time closing high of $140.46 — which was accomplished earlier this week.

What’s more, a new all-time intraday high of $141.02 was set by Apple yesterday, topping the previous record of $140.75 on March 15. Stocks re-opened today at $140.72. Apple now has a market value of about $738 billion. 

Morgan Stanley analyst Katy Huberty has raised her stock price forecast for Apple from $150 to $154, citing potential strong sales in China when Apple debuts the “iPhone 8” this year. She raised her overall fiscal year 2018 estimates for iPhone sales to 260 million and Apple’s earnings per share to $11.