updated 03:30 pm EST, Thu December 24, 2009
Analysts consider stock undervalued
Apple stock (AAPL) on Thursday surged to a new record high amid rampant rumors surrounding the unconfirmed tablet device. Shares reached past $209 in late day trading, up approximately 10 percent in a single week. The stock has more than doubled in value since it bottomed out around $78 in January of this year.
Piper Jaffray analyst Gene Munster earlier this week adjusted his forecast for Apple stock, claiming that previous performance models have ignored the Apple tablet. Munster places the odds of a January launch at 50 percent, although the company is also expected to introduce a camera-equipped iPod touch or updated Apple TV sometime early this year.
A recent leak suggests Apple's upcoming event is scheduled for January 26th at the Yerba Buena Center in San Francisco. The sources anticipate a "major" product launch, although details were not provided regarding the specific device.