“Robert Paul Leitao, who runs the Braeburn Group of independent Apple (AAPL) analysts, published the 12-month price targets of 15 Braeburn members on his Posts at Eventide website Saturday,” Philip Elmer-DeWitt reports for Fortune. “They range from a low of $700 to a high of $1,100, for an average of $890 a share.”
“How does that compare with the price targets of the analysts who cover Apple for Wall Street?” P.E.D. asks. “Frankly, considering that the professionals’ targets range from a bizzarre $270 to a market-high $1,200, it’s hard to tell who are the real pros and who the amateurs.”
Read more in the full article here.
Robert and the independents who hang out on line where I do have beaten the Wall Street pros soundly most of the time at predicting Apple earnings, profits, and share price. Pros like Katy Huberty routinely miss quarterly revenue by 30% and still they get paid and keep their jobs. Perma-bears like Kass have predicted gloom and doom for Apple every quarter now for 10 years, and nobody holds them accountable. I don’t have a clue why.
Agendas.
And I thought making money was the only pure motive left. Oh well.
It appears that Apple getting to $700 this year might be a stretch. I don’t like the looks of those Greece and Spain financial problems at all. There’s far too much economy unrest for Apple to make any gains, or so it seems to this point. Apple should have easily cleared $600 by now.
I agree. Greece and Spain though are the tip of an iceberg that is historic. Apple will outperform most other stocks for sure, but that may mean it will drop only 30% instead of 60%.
The deficit is a cataclysmic event happening. The US is paying near 20% of all the money it makes to service the debt. This will double soon. So the solution to print more money will be tried again. Problem is that other countries are sick of it. They are making moves to get out of dollars and establish a new world reserve currency.
This will lead to super high inflation and super high interest rates and a lost of wealth and living standard. But everyone is asleep at the wheel. Do you really think 40% of the US population on food stamps is OK, sustainable?
Apple will do just fine, get wealthier, outperform. Best run company in the world. And it share value will follow the macro trend, not phony price targets by Braeburn Group.
Unfortunately, your assessment is far too accurate. The accumulated U.S. debt is so large that the interest payments will balloon out of control once the rates begin rising from historical lows. If the Euro were not in even more serious trouble, the USD would have started tanking by now. The world economy is a house of cards waiting for a gust of air.
Yup.
Phony price targets? The independent (amateur) analysts at places like TMO’s AFB forum have routinely taken 8 or 9 of the top 10 spots among all analysts in predicting Apple quarterly sales and revenue. I’ve made an unbelievable, life changing amount of money using their numbers to back up my own convictions. Last time I bothered to figure it I had something like 4000% profit over the last 5 years.
It’s easy to pontificate with little or no skin in the game from your rocking chair on the front porch. I, and they, have results to show.
Apple is going gangbusters despite the global economic woes because consumers consider their products essentials of life, almost on the same level as food and shelter. As long as people can afford them, this will continue to be the case.
iPhone5 new AppleTV will be the catalyst AAPL needs to move to $700
during Fall/Winter. If you can stomach the bumpy ride during the next 4 months you will
come out smiling.
It seems to me that if the economic news of Europe is so bad,then apple stock price may go even higher. Hyper inflation makes the dollar worth less so share prices may go to $25,000.00 per share and still be worth relatively less than now. A jewel will always be worth more when paper money becomes toilet paper. And Apple is truly ruby red. (I am not sure why diamonds are a ‘girls best friend’ given that rubies are worth more.) So Apple may be the best inflation hedge of all. It is something real and valuable and no matter the economic turmoil, people will want it. If Apple was a merely European company this might be different, but they are truly global and despite the fond wishes of Samsung and Microsoft, their are no other rivals with there appeal on the horizon.
I have a rule concerning hyperinflation: Wait for the actual inflation rate to exceed 3% before predicting hyperinflation.
Apple, with more than $100 billion in cash and equivalents, could be hurt badly by hyperinflation. Your comments are simply pulled out of the air.
Isn’t it great, then, that over $64 billion of that cash is in foreign holdings (as of March 2012)?
It’s almost a good thing the IRS won’t give in on double-dipping companies for repatriating money.
Talk about pulling numbers out of the air, did you really think Apple has all that cash in dollars? The key phrase there is “cash or the equivalent”. Only a complete fool would not have that well diversified. If a rising tide floats all boats, in hyperinflation, it would have to hit the whole world. In the ensuing scramble to purchase hard assets, the ones with cash “or the equivalent” are the winners. It would not surprise me to find that much of their “equivalent” is in gold or other hard assets already are less susceptible to financial turmoil.
How many times has Apple taught a lesson on recession proof existence?
Hint to all the idiots :
In hard times when money is tight, consumers look for value and quality in products. In a world that’s now plugged in 24/7, nothing is a better value and more seamlesly integrated than the iPhone , iPad and the Mac. So if there’s anything the consumer will spen on it’s Apple products – that’s a proven certainty. Technology is he to stay, Apple sinking of the hill in value, quality and support.
100% agree = AAPL did very well in the 2008 – 2009 World recession with Record profits then as even more these days!!
Each year Apple has new products in HW & SW and constant OS updates 🙂
So far June 2012, AAPL is Up about a plus $175 from Jan. 1, 2012 🙂
iBuy AAPL 🙂 401k 🙂
Apple did well? The shares fell from about $180 to $80 in 2008. Not until 2010 did AAPL trade higher than in 2007.
http://finance.yahoo.com/q/bc?s=AAPL+Basic+Chart&t=5y
Apple did well, AAPL got hammered. But when the disparity is so clear, it’s easy money to load up on the cheap shares and wait a litte.
And a friend of mine took a second mortgage on his house to buy AAPL LEAPS in 2008. His portfolio is now in the 10’s of millions. So what is your point?
Monday, June 18, 2012 – 7:48 am · Reply
How many times has Apple taught a lesson on recession proof existence?
Hint to all the idiots :
In hard times when money is tight, consumers look for value and quality in products. In a world that’s now plugged in 24/7, nothing is a better value and more seamlesly integrated than the iPhone , iPad and the Mac. So if there’s anything the consumer will spend on it’s Apple products – that’s a proven certainty. Technology is here to stay, Apple is king of the hill in value, quality and support.
In with the new and out with the old.
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However, there is a movement to save some of the soon-to-be-lost features. Check out this link. Just use in the poll to register your vote.
— http://savemefeatures.wordpress.com/
AAPL will do well when you guys start buying the stock. It is that simple. When people buy a stock, its price rises.
The regular trend for Apple is
1. Stock sets a new baseline after a recent surge up.
2. Stock bounces around the baseline for a random period.
3. Stock grows rapidly after market finally accepts Apple have been very successful in the recent period.
4. Go back to 1.
We’re currently in 1. Prior to the last surge, we were having the same conversations about whether aapl will take off again. Of course it did and it grew way more that most of us expected.
Once the brokers decide to make some money from aapl, you will start to hear increasingly positive noise from the market. It will reache a point where the punters are convinced to buy in. Once the stock has gone up far enough, negative talk will start to appear and the brokers will sell their holdings and cash in. The stock will drop down to a point below its high and this will establish the new low for aapl.
Happens every time. The problem is we don’t know when the push up will start. I for one am long on Apple and have kept my shares since 2005. A growth of 700% over that time is better than anything else on the market.