“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.