Apple over $530: Look whose price targets are underwater now

“Some of the Apple (AAPL) analysts’ 12-month price targets in the attached spreadsheet may be out of date,” Philip Elmer-DeWitt reports for Fortune. “Many were set last spring, and if they’ve been updated since then, I didn’t get the memo.”

“But several of these targets were just reiterated or reset earlier this week,” P.E.D. reports. “Scott Craig, for example, raised Merrill Lynch’s target from $520 to $530 on Tuesday, one day after the stock closed above $520. On Thursday, two days later, Carl Icahn helped pushed Apple over $532.”

P.E.D. reports, “Craig is not the only analyst having trouble keeping up. Of the 48 published targets I’ve received, 18 of them (37.5%) are underwater.”

Check out all of the AAPL price targets in the full article here.

[Thanks to MacDailyNews Reader “Rainy Day” for the heads up.]

36 Comments

            1. OK now, we get it. You are reiterating that you are a man who can’t keep a long term relationship with a women and are a complete misogynist. You have my pity for not knowing the joy of a close working and loving relationship that fulfills you. I really wonder what gives your life meaning?

  1. $600 at the start of 2014. Look at the 5-year chart of AAPL price. After sinking below $100 at the start of 2009…

    Start of 2010 – about $200
    Start of 2012 – about $400
    Start of 2014? $600 fits the line

    All that recent crazy movement up above $700 and down below $400 was just “noise.” 🙂

      1. They are only losses if you sold due to the noise. In early 2008 AAPL went from $200 to $78. I didn’t sell. I bought more. In the Fall of 2012 AAPL went from $700 to $400. I didn’t sell. I bought more. In June of this year I did sell at $440, and in July bought it all back and more at $402. $530? Yep, that looks pretty good right now.

          1. Because I’ve watched AAPL daily for 10 years now, and it tends to go about as low as it’s going all year sometime in July. I needed to close out a 401k from a former employer (I retired) that was 100% in AAPL, and I’d been waiting since March for a peak at which to sell. When I saw what looked like a top in June I sold.

    1. I took the liberty of graphing AAPL’s trend, measuring a single data point on every Jan 1 since 2009. Five data points, four years. It’s almost a simple geometric progression, with an average of 61% annual growth. Extrapolating, AAPL should go something like this on the next few Jan 1’s:
      2014: $851
      2015: $1,375
      2016: $2,222
      2017: $3,590
      2018: $5,799
      2019: $9,368
      2020: $15,134

      At this rate AAPL should reach $100,000 by 2024. Its market cap will be $93 trillion (ignoring buy-backs, treasury stock, employee stock option pool, etc).

      As they say, statistics don’t lie. (Something like that anyway. Maybe it was the opposite.)

    1. All this time I thought that Yahoo need to figure out if this idiot was dead or in a coma. How long ago was AAPL at $270? Is he related to Steve Ballmer or the Google boys?

  2. Lots of weasel words in Icahn’s letter.

    In a nutshell, he says he likes Cook and management and Apple should up a stock buy-back to $150 billion based on outdated assumptions. He equivocates on a proxy fight if his demands are not met.

    Icahn is not bargaining from a position of strength, his stake is very small. Cook knows this and shareholders know this. The proxy threat is weak.

    Icahn is parking his money in AAPL as a hedge against a down market. He knows that activism at this level cannot possibly work. A little agitation on his part can, however, move the stock a bit and get him some much-needed publicity.

  3. The stock market is just a human population mood meter. Individual stocks reflect the mood of investors, speculators and manipulators who either like the prospects of a company or don’t like the prospects of a company or guess the mood of the market in the near future. Those of you who think it is some sort of personal money making machine that ‘owes’ you a living because you put some money into it are living in a dream. Those of you who think that the market price should be based on a strict formula are also deluded and clueless and should just buy T-Bills or Bonds.

    There are courses available on the markets put on by real traders who will tell you how the world of stocks work. Sign up for some classes.

    1. I had the displeasure of watching ‘Nightly Business Report’ on PBS tonight. They were commenting about the jump in AMNZ after their quarterly report that showed a third straight quarterly loss despite increased income. The program then proceeded to convince the sheeple watching that it was a great idea to invest in AMNZ despite the fact that it doesn’t make a profit, as if there is some nebulous day when it will, so jump on the stock now.

      IOW: Mighty sick investment advice. Bubbles eventually POP. Riding on the AMZN bubble is precarious unless you know exactly when to jump off. And no TV business report program is going to give us clue of insight about when that should happen. I feel sorry for people who pay attention to these worthless pundits.

  4. Yes, and Amazon is up this morning 8% on yet another quarterly loss. I think Amazon investors are rooting for Amazon to obtain monopoly status and are shorting the companies Amazon is attempting to run into bankruptcy, ie JCP, Best Buy, Sears, Barnes and Nobel, (Apple???)

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