“Some of the Apple (AAPL) analysts’ 12-month price targets in the attached spreadsheet may be out of date,” Philip Elmer-DeWitt reports for Fortune.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.]