Apple shares fall, price targets rise

Sixteen Wall Street analysts raised their Apple (AAPL) price targets Tuesday, according to AAPLInvestors.net. Meanwhile, the stock opened down $14.49 (4.6%) from Monday’s close, despite a quarterly report that showed revenues that up more than 60% year over year.

The stock closed at $309.49, down $8.51 (2.68%) for the day.

See also:

• Don’t cry for Apple’s share price
• Apple analysts’ frenzied Q4 round-up
• Apple sold 14.1 million iPhones in Q4, iPad sales disappoint
• Earnings Smackdown: The best and worst Apple analysts of Q4 2010
• Five numbers that could end — or extend — Apple’s eight-week rally

[Follow Philip Elmer-DeWitt on Twitter @philiped]