“Much has been made about Apple’s share price decline over the past few months, as the stock fell from $700 in September 2012 to below $400 just a few weeks ago,” Chris Ciaccia reports for The Street. “Is the stock, and the company itself, on its way to recovery? It is, if you believe one Wall Street pundit.”
“Topeka Capital Markets analyst Brian White said he believes that Apple has a three-pronged approach towards a sustainable share price recovery: returning cash to shareholders; a profit cycle trough and move higher; and new areas of growth. White rates Apple ‘buy’ with a $888 price target,” Ciaccia reports. “”
Ciaccia reports, “Apple guided third-quarter revenue between $33.5 billion and $35.5 billion, with gross margins between 36% and 37%. That was well below what analysts were thinking, but recent data shows that Apple’s earnings trough might be coming to an end.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]
The headline should read,
‘Wall Street Pundits/Analysts/brokers and Financial Witch Doctors Recovery As Far As Apple iNc. Is Concerned Is On The Way’.
Apple incs. sales had never faltered nor their income stream. It is those self aggrandizing street witch doctors who faltered by talking Apple inc. down in order to profit from their own actions.
Now they talk up or ‘Big up’ Apple so that they can sell the cheap shares they bought after they had talked the share price down.
Them Bastards!!!!!
“We lame-minded analysts can’t invent anymore undermining lies to try to make a headline”
Fuck the mothetfuckers anal ists . If they can predict good enough , they don’t need to tell u their target price . They can just retire and enjoy their life . Why bother here .
Try growing up and behaving like an adult. Your vile language tell us your opinions are sorthless.
Manipulators!, manipulators!, manipulators!
They make weather men look like prophets.
lol.
Apple never faltered, it was AAPL that was artificially manipulated downwards and is now bouncing back.