Barclays analyst Ben Reitzes boosts his price target on Apple (AAPL -0.5%), setting a fresh...

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

Barclays analyst Ben Reitzes boosts his price target on Apple (AAPL -0.5%), setting a fresh Street-high price target of $710 over the next year, up from a prior $630. Apple can get to $75/share in net profit in five years, he says, seeing AAPL enjoying a tremendous run in iPad units, perhaps 175M units on an annual basis at some point, and 300M iPhones. (previously)