Apple (NASDAQ:AAPL) Lands Street High Price of $450 From Ticonderoga

We're only a few days away from the highly anticipated release of Apple's (NASDAQ:AAPL) latest quarterly report, and the mania is getting so great that Ticonderoga Securities has offered up a price target on Apple of $450, and the average price target for Apple from analysts stands at $398.

of 54 analysts covering Apple, 49 have a "Buy" rating on the stock, with the remaining five having a "Hold" on the company. No analyst has a "Sell" on Apple at this time.

Ticonderoga says, "We believe Apple would be well suited to announce the iPad 2 before the end of January in an effort to persuade consumers to wait for the new iPad that we believe will be launched in March/April. Additionally, we believe Apple is in the process of refreshing its MacBook Pro line and an announcement could be in the cards."

Apple closed Friday at $348.48, gaining $2.80, or 0.81 percent.