Fortune’s Philip Elmer-DeWitt reports on various analysts’ opinions on Apple (AAPL), including Barclays’ Ben Reitzes, who writes in a nte to clients today:
We seem to be in the midst of one of the most controversial periods in Apple’s stock in the last 10 years with what appears to be a sudden wave of pessimism overtaking the largest and most owned stock in the world. There is no shortage of publicity that since September 21st, shares of Apple have fallen over 20% vs. a drop in the NASDAQ of 9% over the same time frame. The first reason simply seems to be a loss of momentum with two sub-consensus EPS reports in a row – and then December quarter EPS guidance well below consensus. Technical levels and tax-selling seem to be playing roles as well. From a fundamental standpoint, we continue to view Apple as one of the clearest beneficiaries of the shift in computing toward mobile devices with the iPad and the iPhone. From a valuation standpoint, the company trades around 10x 2013 EPS (8x excluding cash), which puts it cheaper than the likes of IBM at around 11x
Reitzes price target for AAPL remains unchanged at $800.
More analysts’ opinions in the full article here.
Related article:
Analysts reiterate $750-$950 price targets on Apple stock – November 14, 2012
From a fundamental standpoint, we continue to view Apple as one of the clearest beneficiaries of the shift in computing toward mobile devices with the iPad and the iPhone.
Fundamentally speaking AAPL is a SCREAMING buy. Good Grief. All the while Amazone is a buy and the Apple of Wall Street’s eyes. In a all crassness “What a Skull Fuck”. Ethics 101 anybody?
Analyst actions seem to always produce the opposite effects when it comes to AAPL, the stronger the recommendations the harder the stock falls. It’s as if analysts exist in a different universe by themselves or say one thing in their public reports to retail investors while whispering the opposite to their institutional clients.
Dream on. Steve’s momentum carried us to 700. Tim’s blunders ensures AAPL own’t see that number again. It will take a new leader in the post-Jobs era for the company to create the kind of optimism that will carry the price back to the levels this story and others like it are predicting. And, the new leader, whoever that may be, will have to chart a course for Apple that will do more than remain a mobile device company in the volatile world of phones, pads, and pods.
With the stock price as low as it is, I suppose I shouldn’t be guffawing at your post! It is pretty seriously on the decline, after all. But your comments come across pretty funny. You’ll have to troll a bit more believably than that! There’s a class that might help you with that.
Tim’s blunders ensures AAPL own’t see that number again.
On the ACID again ppeterson?
After this joke of an extended bear session against Apple is over, you’re gonna be BURNED red.
NEVER have I seen a company so BLATANTLY accelerating in success get so FRAUDULENTLY slammed. It’s called ‘stock manipulation.’ Oops. The DayTraderTards caught on to the scam. It went too far. Time for the clean up crew.
Figure it out already. 700 was nothing. I told you so…
Barclays’ Ben Reitzes: What’s Ailing Apple?
Nothing is ‘eating’ Apple.
Can we get a bank that wasn’t FINED by the US government for FRAUD to herald Apple PLEASE?!
And I don’t mean Citi, or Bank of America, or Wells Fargo, or HSBC. I mean a REPUTABLE bank. Please.
Yeah, nice to see the iPad mini arrive. Of course we all knew it was coming. At least anybody with any sense.
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