Apple stock price now well below consensus price target

“The current consensus price target of the 60+ analysts that cover Apple (AAPL) is $763/share,” Bespoke Investment Group reports via Seeking Alpha.

“With Apple currently trading below $550, the spread between the stock’s actual price and its price target currently stands at -28.15%,” Bespoke reports. “When the spread has gotten down to -30% or so over the past couple of years, the stock has bounced. Back in late 2008 and early 2009 during the financial crisis, however, the spread did get below 50%.”

Check out the chart in the full article here.

48 Comments

  1. As far as you are concerned, you gave fodder to these shysters manipulating the stock.

    Imaps is thebest maps app out there, yet you basically carried the lies. To this day, every press release by the shysters call it the worst. Repeat a lie often enough…

    Now, it is the poor quality screen of themini. Baloney.

    Bezos does not have to lift a finger so long as folks like you carry these falsehoods.

    1. MDN does not make news, they just post that other articles exist. It usually goes that sticking your head in the sand, only leaves your ass exposed…

      Just a thought.

    1. Sure. I’ll take all of it at $525. That’s $175 cheaper than where I sold. Just give us your phone number. I’ll gladly ride through the fiscal cliff with that kind of gain. No problemo!

  2. I can’t seem to find how many Surface Tabs msft has sold, I’m looking for innovation from goog, moto, samsung, htc, asus, lenovo, acer but I can’t find any.
    Speaking on AAPL, If you didn’t see the Head & Shoulders chart pattern confirmed on Oct. 1 and didn’t act accordingly you weren’t paying attention. Look for Technical Double Bottom close at 525. Personally I like the Fibonacci at 534, also 1/2 of the high 705 and 363 yearly low. If Aapl closes below 525 look out below, support is a long way down.

  3. I am waiting for you to carry the new post by the WS cheats (aptly called cheat sheets), saying that a mini with retina is coming out.

    This will be regurgitated with comments like apple mad mistake of not having it in the first place; expletive should wait for this, blah blah blah.

  4. All the analyses on AAPL have come down to this: post Jobs era has set in. Apple isn’t what it used to be – it’s a high risk investment in an ever more volatile mobile device market. Unless Apple pays some attention to the demand for first quality real computers… you know, like Apple used to do, we won’t see 700 again. Tim Cook is NOT the guy for this as proven by the blunders of recent roll out of stuff not ready for prime time.

    1. “Whoever wants to be great among you must be your servant, whoever wants to be first must be slave of all.” Many who are first will be last, and the last shall be first.

      1. You think it was bad the last 4 years, just wait, fools.

        Here is a very small list of companies that will be laying off employees as a result of Obamacare:

        Welch Allyn
        Welch Allyn, a company that manufactures medical diagnostic equipment in central New York, announced in September that they would be laying off 275 employees, or roughly 10% of their workforce over the next three years. One of the major reasons discussed for the layoffs was a proactive response to the Medical Device Tax mandated by the new healthcare law.

        Dana Holding Corp.
        As recently as a week ago, a global auto parts manufacturing company in Ohio known as Dana Holding Corp., warned their employees of potential layoffs, citing “$24 million over the next six years in additional U.S. health care expenses”. After laying off several white collar staffers, company insiders have hinted at more to come. The company will have to cover the additional $24 million cost somehow, which will likely equate to numerous cuts in their current workforce of 25,500 worldwide.

        Stryker
        One of the biggest medical device manufacturers in the world, Stryker will close their facility in Orchard Park, New York, eliminating 96 jobs in December. Worse, they plan on countering the medical device tax in Obamacare by slashing 5% of their global workforce – an estimated 1,170 positions.

        Boston Scientific
        In October of 2009, Boston Scientific CEO Ray Elliott, warned that proposed taxes in the health care reform bill could “lead to significant job losses” for his company. Nearly two years later, Elliott announced that the company would be cutting anywhere between 1,200 and 1,400 jobs, while simultaneously shifting investments and workers overseas – to China.

        Medtronic
        In March of 2010, medical device maker Medtronic warned that Obamacare taxes could result in a reduction of precisely 1,000 jobs. That plan became reality when the company cut 500 positions over the summer, with another 500 set for the end of 2013.

        Others
        A short list of other companies facing future layoffs at the hands of Obamacare:
        Smith & Nephew – 770 layoffs
        Abbott Labs – 700 layoffs
        Covidien – 595 layoffs
        Kinetic Concepts – 427 layoffs
        St. Jude Medical – 300 layoffs
        Hill Rom – 200 layoffs

        Beyond the complete elimination of a significant number of American jobs is another looming problem created by the health care law – a massive shift from full-time to part-time workers.

        Read more here

    2. ” That happened. That really happened.

      We are not going to have a supreme court that will overturn Roe vs Wade. There will be no more Antonin Scalia’s and Samuel Allito’s added to this court.

      We’re not going to repeal Health Reform. Nobody’s going to kill Medicare, we make old people in this generation or any other generation fight it out on the open market trying to get themselves health insurances. We are not going to do that.

      We are not going to give a 20% tax cut to millionaires and billionaires, and expect programs like food stamps and kid’s health insurance to cover the cost of that tax cut.
      We are not going to make you clear it with your boss if you want to get birth control under the insurance plan that you’re on.

      We are not going to redefine rape.

      We are not going to amend the United States Constitution to stop gay people from getting married.

      We are not going to double Guantanamo.

      We are not eliminating the Department of Energy or the Department of Education or Housing at the Federal level.

      We are not going to spend two trillion dollars on the military that the military does not want.

      We are not scaling back on student loans because the country’s new plan is that you should borrow money from your parents.

      We are not vetoing the dream act.

      We are not self deporting.

      We are not letting Detroit go bankrupt.

      We are not starting a trade war with China on inauguration day in January.

      We are not going to have as a President a man who once led a mob of friends to run down a scared gay kid to hold him down and forcibly cut his hair off with a pair of scissors while that kid cried and screamed for help and there was no apology- not ever.

      We are not going to have a Secretary of State John Bolton.

      We are not bringing Dick Cheney back.

      We are not going to have a Foreign Policy shop stocked with architects of the Iraq war.

      We are not going to do it.”

      We had the choice to do that, if we wanted to do that as a country and we said no last night.

      Loudly. 

      1. We are having Obama’s list of firsts:

        Law and Justice
        • First President to Violate the War Powers Act (Unilaterally Executing American Military Operations in Libya Without Informing Congress In the Required Time Period – Source: Huffington Post)
        • First President to Triple the Number of Warrantless Wiretaps of U.S. Citizens (Source: ACLU)
        • First President to Sign into Law a Bill That Permits the Government to “Hold Anyone Suspected of Being Associated With Terrorism Indefinitely, Without Any Form of Due Process. No Indictment. No Judge or Jury. No Evidence. No Trial. Just an Indefinite Jail Sentence” (NDAA Bill – Source: Business Insider)

        • First President to Have His Attorney General Held in Criminal Contempt of Congress For His Efforts to Cover Up Operation Fast and Furious, That Killed Over 300 Individuals (Source: Politico)
        • First President to claim Executive Privilege to shield a sitting Attorney General from a Contempt of Congress finding for perjury and withholding evidence from lawful subpoenas (Source: Business Insider)
        • First President to Issue Unlawful “Recess-Appointments” Over a Long Weekend — While the U.S. Senate Remained in Session (against the advice of his own Justice Department – Source: Heritage Foundation)

        • First President to Fire an Inspector General of Americorps for Catching One of His Friends in a Corruption Case (Source: Gawker)
        • First President to “Order a Secret Amnesty Program that Stopped the Deportations of Illegal Immigrants Across the U.S., Including Those With Criminal Convictions” (Source: DHS documents uncovered by Judicial Watch)
        • First President to Sue States for Enforcing Voter ID Requirements, Which Were Previously Ruled Legal by the U.S. Supreme Court (Source: CNN)

        • First President to Encourage Racial Discrimination and Intimidation at Polling Places (the New Black Panthers voter intimidation case, Source: Investors Business Daily)
        • First President to Refuse to Comply With a House Oversight Committee Subpoena (Source: Heritage Foundation)
        • First President to Arbitrarily Declare an Existing Law Unconstitutional and Refuse to Enforce It (Defense of Marriage Act – Source: ABC News)

        • First President to Demand a Company Hand Over $20 Billion to One of His Political Appointees (BP Oil Spill Relief Fund – Source: Fox News)
        • First President to Have a Law Signed By an ‘Auto-pen’ Without Being “Present” (Source: The New York Times)
        • First President to Have His Administration Fund an Organization Tied to the Cop-Killing Terrorist Group, the Weather Underground (Source: National Review)

        Scandals
        • First President to publicly announce an enemies list (consisting of his opponents campaign contributors; and to use the instrumentalities of government to punish those on the list – Source: Heritage Foundation)
        • First President to Attempt to Block Legally-Required 60-Day Layoff Notices by Government Contractors Due to His Own Cuts to Defense Spending — Because The Notices Would Occur Before the Election. (Source: National Journal)

        • First President to Intentionally Disable Credit Card Security Measures (in order to allow over-the-limit donations, foreign contributions and other illegal fundraising measures – Source: Power Line)

        • First President to send 80 percent of a $16 billion program (green energy) to his campaign bundlers and contributors, leaving only 20% to those who did not contribute. (Source: Washington Examiner)
        • First President to Propose an Executive Order Demanding Companies Disclose Their Political Contributions to Bid on Government Contracts (Source: Wall Street Journal)
        • First President to issue an Executive Order implementing a “Racial Justice System”, a system that tries to achieve “racially equivalent outcomes” for crimes (Source: Daily Caller)

        • First President to Send Millions in Taxpayer Dollars to His Wife’s Former Employer (Source: White House Dossier)

        Economy
        • First President to Preside Over a Cut to the Credit Rating of the United States Government (Source: Reuters)
        • First President to Bypass Congress and Implement the DREAM Act Through Executive Fiat (Source: Christian Science Monitor)
        • First President to Move America Past the Dependency Tipping Point, In Which 51% of Households Now Pay No Income Taxes (Source: Center for Individual Freedom)

        • First President to Increase Food Stamp Spending By More Than 100% in Less Than Four Years (Source: Sen. Jeff Sessions)
        • First President to Spend a Trillion Dollars on ‘Shovel-Ready’ Jobs — and Later Admit There Was No Such Thing as Shovel-Ready Jobs (Source: President Obama during an early meeting of his ‘Jobs Council’)
        • First President to Threaten Insurance Companies After They Publicly Spoke out on How Obamacare Helped Cause their Rate Increases (Source: The Hill)

        • First President to Abrogate Bankruptcy Law to Turn Over Control of Companies to His Union Supporters (Source: Wall Street Journal)
        • First President to Propose Budgets So Unreasonable That Not a Single Representative From Either Party Would Cast a Vote in Favor (Sources: The Hill, Open Market)
        • First President Whose Economic Policies Have the Number of Americans on Disability Exceed the Population of New York (Source: CNS News)

        • First President to Sign a Law Requiring All Americans to Purchase a Product From a Third Party (Source: Wall Street Journal)
        • First President to Sue States For Enforcing Immigration Laws Passed by Congress (Source: The Arizona Republic newspaper)
        • First President to See America Lose Its Status as the World’s Largest Economy (Source: Peterson Institute)

        • First President to redistribute $26.5 billion of the taxpayers’ funds to his union supporters in the UAW (Source: Heritage Foundation)
        • First President to Threaten an Auto Company (Ford) After It Publicly Mocked Bailouts of GM and Chrysler (Source: Detroit News)
        • First President to Attempt to Bully a Major Manufacturing Company Into Not Opening a Factory in a Right-to-Work State (Boeing’s facility in South Carolina – Source: Wall Street Journal)

        Energy Policy
        • First President to Endanger the Stability of the Electric Grid by Shutting Down Hundreds of Coal-Fired Plants Without Adequate Replacement Technologies (Source: National Electric Reliability Corporation – PDF)
        • First President to Have His EPA Repudiated by a Federal Judge for “Overstepping Its Powers” When They Attempted to Shut Down Coal Operations in Appalachia (Source: Huffington Post)
        • First President to be Held in Contempt of Court for Illegally Obstructing Oil Drilling in the Gulf of Mexico (Source: Politico)

        National Security and World Affairs
        • First President to Lie Repeatedly to the American People About the Murder of a U.S. Ambassador and Three Other Diplomatic Personnel for Purely Political Reasons (Source: Roger Simon)
        • First President to Openly Defy a Congressional Order Not To Share Sensitive Nuclear Defense Secrets With the Russian Government (Sources: ABC News, Rep. Michael Turner)
        • First President to Leak Highly Classified Military and Intelligence Secrets to Hollywood In Order to Promote a Movie That Could Help His Reelection Campaign (Source: Judicial Watch)

        • First President to Terminate America’s Ability to Put a Man into Space (Sources: USA Today, ABC News)
        • First President to press for a “treaty giving a U.N. body veto power over the use of our territorial waters and rights to half of all offshore oil revenue” (The Law Of The Sea Treaty, Source: Investors Business Daily)
        • First President to send $200 million to a terrorist organization (Hamas) after Congress had explicitly frozen the money for fear it would fund attacks against civilians (Sources: American Thinker, The Independent [UK])

        Miscellania
        • First President to Insert Himself into White House Biographies of Past Presidents (Source: The New York Times).
        • First President to Golf 105 or More Times in His First Three-and-a-half Years in Office (Source: The Hill)

        But remember: he will not rest until all Americans have jobs, affordable homes, green-energy vehicles, and the environment is repaired, etc., etc., etc.

      2. 1. Then why is the House GOP? (and the U.S. will thank its lucky starts that it is)

        2. “Loudly?” Vote tallying continues, but current totals are:
        – Empty Chair: 61,170,405
        – Romney: 58,163,977
        2.5% difference. That’s not at all “loud.”

        3. Hey, let’s ask Chris Stevens what he thinks about all this. Oops.

        4. Let the hearings begin. (The Empty Chair will soon be wishing he didn’t go negative a year out to demonize a genuinely nice guy in order to pander to a base of ignorant leeches and instead got early release from a job he is incapable of performing.)

        1. Oh, look who’ here and still in denial !

          Didn’t i tell you for months that you’re going to get the thrashing of your life? You still don’t get it do you moron? Carry on with your hareful spite and two years from now you’ll lose the house and forever have your head up your ass with the ‘minority forever’ republikkkan vitiol and lies.

          Hint: change or die by democracy

          1. What’s a ‘hareful spite’? I wonder if Obama’s got two years before impeachment for treason for Benghazi coverup!

            As Moochelle would say, “For the first time in my adult life, I have never been more ASHAMED of my Country!”

            breeze, huh, as in Flatulence?! Better watch out with all that Methane your spewing, or Gore will come after your destroying the planet, global warming, climate changing ass!

            1. Just a smidgen of intelligence would know to extrapolate the right spelling from a typo, ape. Funny how the typo ‘hareful’ instead of HATEFUL, is even more significant now that you’ve spurted….

        1. I removed Rachel Maddow’s name to reduce static from the Ks but added quotes at the beginning and end to reflect that it was a quote… For anyone who wanted to find the source…

          I never took credit for the words though reality and fact istands on it’s own.

      3. That my dear chap is one pathetic list. You can do much better.
        I suggest you read the Ubermac reply.

        There are two things you don’t see:
        One is the sheer absurdity of your position.
        Elon Musk is a “rich” man. If I asked you if you respect him you’d say yes.
        Surely Musk is the American Dream personified.
        But wait, he is one of the hated “rich” isn’t he?

        It was a “rich” man that gave me my first job and career in the United States.
        He sold all he had and risked bankruptcy to start a business. He got rich and I and my family benefitted. Now I have my own business.

        Hard work and determination makes people rich. Welfare just gives the lazy a way to continue to be lazy.

        The other thing you people don’t see is that Nobama is just as bad as Bush.
        Liberals, can you defend some of the loony things Nobama has done?
        Not a chance. He was only re-elected as has a free ride from the press and a built-in 13.1% advantage over any Republican.
        Conservatives, can you defend the Bush years and declare his presidency to be a resounding success? Not hardly. He took surplus and turned it into a deficit.

        So what in the name of Chuck Norris are you doing still voting for the same two failed parties.?.?.?.?.?.?.?.?.?.?.?.?.?.?

  5. WOW, just WOW. Where are these (eastern urals /croats etc coming from. Appl stock down, world ending, buy gold now.

    Honst, trst us… we cant spel but you shold trst us. LOL

    I mean EVERY one of the above posts is the troll level, bad writing and all posting the doom of Apple.

    Hmmm maybe they are disgruntled republicans???
    Just a thought.

      1. While I relax at my lake house with my guns and my offshore accounts awaiting delivery of my new G63 AMG, in the last 48 hours, the following major corporations have announced layoffs in America:

        • Energizer –

        The St. Louis-based company said Thursday that it expects to shed about 1,500 employees. When finished, the restructuring should lead to $200 million in pretax yearly savings, Energizer said. It aims to have most of its restructuring steps finished by the end of September 2014.

        • Exide Technologies –

        Exide Technologies announced Thursday that it will be idling its lead-recycling operations in Laureldale and laying off 150 workers, effective no later than March 31.

        • Westinghouse –

        Westinghouse Anniston, the contractor responsible for shutting down Anniston’s chemical weapons incinerator, has reduced its workforce by another 50 employees.

        • Research in Motion Limited –

        Research in Motion Ltd., the maker of BlackBerry smartphones, laid off about 200 people at its U.S. headquarters in Irving on Wednesday, according to a source close to the company who did not want to be named.

        • Lightyear Network Solutions –

        More than one dozen employees at a Pikeville company lost their jobs this week. Officials with Lightyear Network Solutions said they are consolidating offices in Louisville and Pikeville to save money.

        • Providence Journal –

        The Providence Journal Co. laid off 23 full-time workers Wednesday as part of a cost-cutting effort, including 16 members of the Providence Newspaper Guild and 7 non-union employees.

        • Hawker Beechcraft –

        The company says 240 employees will lose their jobs with the closing of Hawker Beechcraft Services facilities in Little Rock, Ark.; Mesa, Ariz.; and San Antonio, Texas.

        • Boeing (30% of their management staff) –

        Boeing Co. said Wednesday it plans to employ 30% fewer executives at its Boeing Defense, Space & Security unit by the end of 2012 compared to 2010 levels.

        • CVPH Medical Center –

        CVPH Medical Center has handed pink slips to 17 employees. The layoffs — nine in management and eight hourly staffers — are part of an effort to “help bolster the hospital’s financial position in 2013 and beyond,” a press release said.

        • US Cellular –

        The move will result in 980 job cuts at U.S. Cellular, with 640 in the Chicago area, according to a spokeswoman. The cuts are slightly under 12 percent of the approximately 8,400 total employees U.S. Cellular had at the end of the third quarter.

        • Momentive Performance Materials –

        About 150 workers at Sistersville’s Momentive Performance Materials plant will be temporarily laid off later this month, officials said this week.

        • Rocketdyne –

        About 100 employees at Pratt & Whitney Rocketdyne, most of whom work in the San Fernando Valley, were laid off Wednesday in response to dwindling government spending on space exploration, the company said. The layoffs were effective immediately, and 75 percent of them came at the facilities on Canoga and De Soto avenues, which employ about 1,100 people. The company has six sites across the Valley.

        • Brake Parts –

        The leader of an automotive parts plant in Lincoln County has told state officials that there are plans to lay off 75 workers starting in late December…The layoffs are expected to start Dec. 28 and continue in the first quarter of 2013

        • Vestas Wind Systems –

        Vestas Wind Systems A/S (VWS) is seeking to sell a stake of as much as 20 percent and said it’s reducing headcount by 3,000 to raise the staff cuts by the biggest wind turbine maker to almost a third over two years.

        • Husqvarna –

        Husqvarna AB (HUSQB), the world’s biggest maker of powered garden tools, plans to cut about 600 jobs in a move that will save 220 million kronor ($33 million) a year by 2014.

        • Center for Hospice New York –

        The Center for Hospice and Palliative Care plans to temporarily lay off as many as 40 employees next year as it embarks on a major renovation of the inpatient unit at its Cheektowaga campus.

        • Bristol-Meyers –

        Bristol-Myers Squibb is following up its lackluster third-quarter results with almost 480 layoffs. As Pharmalot reports, the company notified the New Jersey government that it would scale back in Plainsboro, which means the cuts will hit its sales operations.

        • OCE North America –

        Trumbull printer- and scanning-equipment provider Oce North America, Inc. will lay off 135 workers in three Connecticut communities, including East Hartford, according to its notice with the state Labor Department.

        • Darden Restaurants –

        The company, which was among those who had received an Obamacare waiver in the past, is looking to limit workers to 28 hours per week. A full time employee that is required to have health insurance (lest the employer pay a fine) works 30 hours per week, as defined by the Obamacare law.

        • West Ridge Mine –

        In its statement, UtahAmerican Energy blames the Obama administration for instituting policies that will close down “204 American coal-fired power plants by 2014″ and for drastically reducing the market for coal.

        • United Blood Services Gulf –

        United Blood Services Gulf South region, the non-profit blood service provider for much of south Louisiana and Mississippi, will lay off approximately 10 percent of its workforce. It was a hard decision to make according to Susan Begnaud, Regional Center Director for the Gulf South region.

        Elections have consequences, Kardashian voters. Enjoy the “benefits.”

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