Can't Miss With Apple (AAPL)

Apple AAPL continues to hit on all cylinders and has added another 1.68% to $345.02 on Tuesday. In just the last month alone, AAPL shares have appreciated around 7%. The company currently has a market cap of $318 billion. Despite the tremendous success of Apple (AAPL) and their continued growth in the smartphone and tablet markets, this stock continues to trade at a relatively cheap valuation. The shares trade at a trailing P/E of 19.25, a forward P/E of 13.27 and a PEG ratio of 0.72. The median Wall Street price target on the stock is $425 with a high target of $550.