Analysts scramble to keep their targets ahead of Apple’s price

FORTUNE -- On Sunday BMO Capital's Keith Bachman, citing "earlier availability" of the iPhone 5, raised the price he expects Apple's (aapl) shares to reach in the next 12 months from $680 to $750.

He was already three days too late.

The stock, which opened September at $665.76, smashed through $680 last Thursday, closed Friday above $691 and finished Tuesday at $701.91.

Bachman is not the only Wall Street analyst having trouble keeping up with Apple's share price. More than half of the analysts we track raised their 12-month price targets this summer into the 750-900 range ($770 is currently median target, according to Thomson First Call). We expect they'll have to do it again before January.

Meanwhile, we've got several analysts at exactly $700 and at least two -- Pacific Crest's Andy Hargreaves ($690) and Morningstar's Michael Holt ($670) -- well under water.

At the other end of the spectrum, Topeka's Brian White set a Street-high $1,111 target in April and seems to be sticking with it.

All products and services featured are based solely on editorial selection. FORTUNE may receive compensation for some links to products and services on this website.

Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions