“Some Apple analysts didn’t wait for stores to open on Cyber Monday before weighing in on early reports that iPad sales were leading the 2013 holiday buying frenzy,” Philip Elmer-DeWitt reports for Fortune.
“After spot-checking Black Friday weekend sales, Deutsche Bank’s Chris Whitmore raised his price target to $625 from $575,” P.E.D. reports. “Piper Jaffray’s Gene Munster was counting heads and tweets over the weekend. In a Twitter analysis of 90,000 messages, he reports, the Pad was the most mentioned product on #BlackFriday and the iPhone for #CyberMonday. During the four hours Munster spent at the Mall of America Apple Store, traffic was up 9% over last year. ”
P.E.D. reports, “Global Equities Research’s Trip Chowdhry raised his price target to a Street-high $800 after visiting nine Apple Stores and five Targets and talking to ‘no less than 300 people.'”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]
“I visited some stores! That’s why I’m an expert and nobody else is!” Analysts are total con men.
So how is Microsoft doing?
Mua ha ha …
The crickets appreciate the utter solitude and silence at the typical lonely Microsoft Store.
BBY on line sold out of the Surfaces being sold at a loss to MSFT. Pity, some people are just too dumb to understand it’s the value not the price.
apple is doomed TM
I bought a life sized analyst for all of my friends who were bad
Why does Apple have that one analyst Zabitsky who keeps Apple’s target price at $270 no matter what. It’s been like that for two years already. Why don’t they simply throw that analyst out because it clear he’s not doing any job at all if his target price never moves. I don’t know if it means anything or not but I’m just asking what’s the point. He seems to be only stating his opinion which couldn’t possibly be based on analysis since Apple’s business and financial management is in constant flux. His target price was set before buybacks and dividend offering and yet he sees no change forthcoming. It doesn’t make any sense.