Apple's shares trading over $65

Apple's shares (AAPL) were significantly up today on positive analyst comments. The stock closed at $64.95 (up 4.29%) and is now trading at $65.10 in the after-hours session. The day high in the regular session was $65.06.

Among other comments, Bear Stearns analyst Andrew Neff, outlined iPod sales' outlook for this quarter. The analyst believes that there is strong demand, even higher than what was projected at the launch of the iPod nano.

Bear Stearns has updated its earnings per share estimates for Apple to $2.12 and $2.42, respectively, from $1.72 and $1.92 and its target price to $70 from $58.