Apple shares surged more than 14 percent to US$64 in early trading Monday after Piper Jaffray raised its price target on the stock to $100 from $52, citing bullish expectations for iPod sales (see previous report). Separately, Fulcrum Global raised its target to $65 from $53, forecasting strong demand for iPods and iMac G5s. Apple shares were last up nearly 13 percent at $62.10.