Extremely strong March-quarter results, multiple upcoming product cycles, and higher estimates justify Apple’s sector-high valuation. That said, we see the shares as fairly valued using the after-hours stock price and our new estimates, and our rating remains Neutral.
Phillips writes, “‘Neutral?!? Neutral?!?’ the Apple fanboys scream in outraged unison.’How dare you! The temerity! The gall! The sheer, unadulterated pig-wrong-headedness!'”
“It is indeed shocking to even run across a sell-side analyst that’s not head-over-heels in love with Apple,” Phillips writes. “According to numbers served up by Thomson Reuters, out of the analysts covering the stock 38 have ‘buys’ on it. Just three have ‘holds.’ Two are sellers.”
“Goldman downgraded Apple to “neutral” from “buy” back on Dec. 15 2008, citing weakening consumer demand,” Phillips writes. “The stock fell 3.6% that day — suggesting that some investors found the downgrade at least a little persuasive. Apple closed Dec. 15 at $94.75.”
Phillips writes, “Of course, since then Apple’s shares have moved higher, by oh, 170% or so.”
Full article here.
i do not take advice from criminals
Uuhh… GS gonna try and push it down a few points so people on the fence about buying in will pull the trigger. While they already own a boatload at a much lower price!
Goldman Sachs the epitome of credibility and trust , yeah right…
Isn’t GS in a lot of SEC trouble right now? Are we trusting anything they say?
Of course they did. They probably double shorted AAPL on Monday and are losing their asses on the gains today. They’ll need a panicked sell off to recoup..
Greedy sachs, soon to be government sachs
Why isn’t the SEC investigating who posted a 7000 lot of Apple shares for the last sale of yesterdays after market session, at about $13 less than market price after earnings, to knock out the gains following a blockbuster earnings report ?
Was it GS ?
Near sighted GS. It’s amazing that they have been in business for so long… Wait let’s see what SEC have to say.
@Breeze maybe M$
The SEC is a joke.
AtomicBeetle:
It was an institutional investor’s move, more like a hedge fund or GS brokerage firm
Yeah, I really trust the fsckers at Goldman Sucks, creators of financial collapses since the late ’20s.
Worthless bunch of Scheißkopfs!
Maybe they would rate Apple higher if the company was willing to issue some synthetic CDOs.
If you think that’s bad, this bozo has a SELL rating on AAPL:
http://www.thestreet.com/_yahoo/story/10731991/1/why-apple-gets-a-sell-rating.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
Did the GS morons not “notice” that there’s a new product in Apple’s stable of products that has not yet contributed one thin dime to their quarterly earnings?
. . . . and it’s out-selling anything they have EVER released? H-E-L-L-O! Not to mention that one model of that product hasn’t even shipped yet, and INTERNATIONAL SALES haven’t begun ANYWHERE!
The next two quarters (at the very, very, very least) will be astronomical for AAPL, without question. Period. Case closed.
And these GB dolts can’t see that? No wonder they’re under such federal scrutiny, for there’s clearly something going on here that’s not kosher.
302 a share and we take Balmer.
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Goldman Sachs, talks you up, just to bet you’re going down
Wonder why GS isn’t on the list of analysts in the Analysts Report Card?
http://www.macdailynews.com/index.php/weblog/comments/so_how_did_the_apple_analysts_do_100421/
I’d like to see what their forecast was for this past quarter.
GS- who cares what they have to say anymore? Aren’t they criminals? why haven’t they been arrested ?
I got your Sachs right here.
Holman cannot make an honest buck and the anal-ists take on Apple proves it.
That should be Goldman.
The difference between genius and stupidity is that genius has limits.
we noticed that Goldman Sachs analysts had this to say: We do not recommend buying Apple shares at this time. Our rich clients are busy buying and when they get their fill, then we will recommend to the masses that they buy.
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Just a thought.
en
Laughable. I have 3 rd party investment managers engaged for me. They all try to beat the index to justify their sky high fees. However, they are so tied to trying to not underperform the index, that they are loaded up on Micro$haft, Dell, HP, Intel, Cisco, etc. Almost none have Apple. And if they do, it’s not in a significant position relative to the above group.
So here’s Apple with a measly 8-10% of the market and kicking ass each and every quarter, and the luddites with huge market share and little upside who are getting their lunches eaten by Apple being ignored and “fully valued” based on their backward looking analytical processes. Dumb A$$’s.