Fresh 52-week highs for Apple following Goldman PT hike

|About: Apple Inc. (AAPL)|By:, SA News Editor

Apple's (AAPL +1.2%) investments in "platform enhancements such as mobile payments, connected home solutions, and personal health monitors should be far more important for driving switching costs and installed base expansion" than hardware improvements, writes Goldman's Bill Shope, raising his PT by $85 to $720.

The remarks come ahead of next week's WWDC conference, where Apple is expected to show off iOS 8 (inc. a Healthbook app), a home automation platform, and OS X 10.10 (Syrah).

Shares are again making new 52-week highs, and are now up 16% YTD. They're still 9% below a Sep. '12 peak of $705.07.

Yesterday: Apple roundup