Analysts flock to hike Apple Inc. price targets, estimates

“Shares of Apple (AAPL) are up this morning following better-than-expected fiscal Q2 results last night, as price targets zoom and estimates rise almost across the board,” Tiernan Ray reports for Barron’s.

AAPL Price Target Changes:
• Brian White, Ticonderoga: $612 from $550
• Abhey Lamba, ISI Group: $425 from $400
• Gene Munster, Piper Jaffray: $554 from $483
• Brian Marshall, Gleacher & Co.: $450 up from $400
• Bill Shope, Goldman Sachs: $470 from $450
• Rob Cihra, Caris & Co.: $500 from $460
• Tavis McCourt, Morgan Keegan: $462 from $441
• Ben Reitzes, Barclays Capital: $465 from $450

Read more in the full article, which include the analysts’ estimates upgrades, here.

[Thanks to MacDailyNews Readers “Fred Mertz” and “James W.” for the heads up.]


  1. I know there is no rhyme or reason where analysts are involved. But please, somebody tell me, when we see these targets, are they talking about next quarter? next year? 5 years? They never seem to mention a timeframe. I know it’s all hocus pocus, but as long as we’re discussing the target, let’s discuss the time. Thx.

    1. Apple is further from target prices now than they were six months ago. Apple’s share price has contracted despite upgrades in revenue and target prices. In Apple’s case, target prices mean absolutely nothing since the stock can be quickly downgraded at any time

      Most stocks stay relatively close to target prices but not in Apple’s case. Apple was upgraded today and despite supposedly beating earnings soundly, Apple barely moved 3%. The median target price moved up about $10. Apple shares moved up $10 and then fell to about $7 even after upgrades.

      Just don’t depend on Apple ever reaching those projected prices no matter how much money the company makes. The market can just keep lowering the P/E multiple so Apple shares are given a reason not to move at all. No investors are biting at Apple, so Apple shares will likely continue to languish.

      Andy Zaky was thinking that Apple should be about $380 by now if things went well on earnings. As you can see, things went well and still Apple shares barely moved. That’s how it is with this stock.

  2. Any time a company gets upgraded like that and it barely moves the share price there’s definitely a fundamental problem with that company or stock. Nearly any stock would have jumped like crazy, but not Apple. I find the lack of interest very unusual since Apple continues to put up big numbers quarter after quarter.

  3. These analysts must be AAPL shareholders trying to pump their investments or something. They’ve been predicting 500+ for over a year but the stock is only trading at $325 and hasn’t come close to their predictions. How can anyone take them seriously when they’ve been so wrong in the past? If they were bookies they’d be broke or dead by now, but they continue to maker news.

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