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A statement released earlier today by Pacific Crest about Apple (NASDAQ:AAPL) bumps the target price to $129.00

Boasting a price of $117.34, Apple (NASDAQ:AAPL) traded -1.08% lower on the day. With the last stock price close up 12.19% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Apple has recorded a 50-day average of $111.02 and a two hundred day average of $103.46. Volume of trade was down over the average, with 12,526,242 shares of AAPL changing hands under the typical 36,323,300

Stating a potential upside of 0.10%, Pacific Crest upped the stock price target of Apple (NASDAQ:AAPL) to $129.00

Performance Chart

Apple (NASDAQ:AAPL)

With a total market value of $0, Apple has 52 week low of $89.47 and a 52 week high of $123.82 with a P/E ratio of 13.53 .

In addition to Pacific Crest reporting its target price, a total of 36 firms have reported on the stock. The consensus target price is $124.23 with 17 firms rating the stock a strong buy, 22 firms rating the stock a buy, 8 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Apple (NASDAQ:AAPL)

Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company's products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings. The Company also delivers digital content and applications through the iTunes Store, App StoreSM, iBookstoreSM, and Mac App Store. The Company distributes its products worldwide through its retail stores, online stores, and direct sales force, as well as through third-party cellular network carriers, wholesalers, retailers, and value-added resellers. In February 2012, the Company acquired app-search engine Chomp.

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