IE 11 is not supported. For an optimal experience visit our site on another browser.

As Apple hits new high, analyst predicts more gains

Shares of Apple crossed $674.88 Tuesday, hitting yet another all-time high.

Not bad for a company that just become the world’s most valuable company -- ever.

A rise in the value of shares of the maker of iPhones and iPads drove its valuation to $619 billion Monday -- that’s higher than the market capitalization of $616.3 billion set by software giant Microsoft in December 1999 at the height of the Internet boom.

Will Power, Robert W. Baird analyst, thinks shares of Apple have more upside potential.

He appeared on CNBC Tuesday to explain why he has an outperform rating on Apple and a $740 price target.