“After Apple (AAPL) reported its March quarter earnings last week, Goldman Sachs’ Bill Shope — like many analysts who follow the company — made a modest increase in his 12-month price target, to $620 per share from $610,” Philip Elmer-DeWitt reports for Fortune.
“On Wednesday, less than a week later, Shope raised his target again, this time to $635 per share,” P.E.D. reports. “He made no secret of the fact that the second increase was based on details he’d learned about Apple’s massive $12 billion bond offering Tuesday — an offering his firm happened to handle.”
“Not every Apple watcher is so sanguine about the company’s prospects — or the bond offering,” P.E.D. reports. “In fact, 33 of the 45 analysts (73%) in our survey have Apple price targets that are lower than Shope’s, and a eleven of them (24%) have targets that are actually underwater. These analysts are telling their clients, in effect, that they should expect Apple’s shares to be worth less in 12 months than they are today — despite last quarter’s 15% increase in earnings per share, the 7-to-1 stock split coming in June and CEO Tim Cook’s promise of new products this year.”
See all of the Apple analysts’ current price targets in the full article here.
[Thanks to MacDailyNews Readers “Fred Mertz” and “Dan K.” for the heads up.]
Will the disingenuous doomsaying never end?
That depends on when they personally and their company stop benefitting from Samsung cash and Samsung advertising. You don’t bite the Samsung hand that feeds you!
If you look at Yahoo’s Analyst Opinion. They have a Mean Target at $622.15 which is only 5.3% higher than today’s value. They still have that $270 from more than a year or two ago.
Think they all have a bias or can’t manage their data?
Anal ysts whose thinking is moribund as a result of rigor mortis settling in their brains.
Sadly their investors have been infected by the same thought process and thus their brains are no longer jelly like.
These analysts are telling their flirts anything that puts money in analysts pockets, while screwing their clients. That’s what analyst DO!
… The worst of the analcysts, that is. I expect a few of them actually do honest work for a living.
Until the company emerges from the darkness of the Tim Cook era, Wall Street will continue to pessimistic about AAPL. And, tweaking existing soft and hardware could hurt because it will be seen as proof the company is stuck in nowhere because the CEO believes tweaking is the same as “great new products” and that he is not lying when he says there are more of them in the pipeline. An iWatch will fix things? Dream on. It may glow in the Cook darkness but it won’t move AAPL – just another gadget and very much like what’s already out there only more expensive. A bigger phone screen? Ho hum. Nope – just one thing will change things and only that one thing.
You give new meaning to the May Day, May Day, May Day chant.
The sky is not falling, chicken little.
Once the world sees the new, Samsung sized iPhone, the new Apple TV, the new iWatch and any other new product Tim has in the bullpen, you will STFU.
If I understand you, Apple is doomed and nothing Tim Cook can possibly offer– hardware upgrades, software improvements, or even completely new product lines–can do anything to fix it. If that is the case, please explain how a new CEO is going to turn around the oncoming apocalypse. What can the Messiah do that the current Apple leadership can’t?
You sound like someone who bought AAPL stock at $700 and think that Tim Cook owes you a living. Your bad decisions are your own fault and you need to take that fact to heart. Get on with your life and sell your AAPL stock. Leave us alone.
Regardless of what I paid for my shares, (for your information it was a couple of decades ago so you figure it out) I am an owner of this company and get to have my say. Tim’s failed leadership is denying my opportunity to profit more from my investment and I don’t like it one bit. The company can be so much more than it is but not until there is new leadership. The number of fellow shareholders who agree are growing every day that we have to suffer the lack of innovation that would make us richer. And, like the very nature of Capitalism itself, we will ultimately prevail. iCal this.
LEMME SEE…if you bought a couple decades ago, the max you would have paid was $23/share. Then you got in on the 2:1 stocks split in 2000 & again in 2005, you got in on the run-up to $705, you got in on the new and generous dividend payouts and now you’re facing a 7:1 stock split coming up and the highest dividend paid by any corporation. So how much does Samsung pay you to whine here about your golden goose…is that a lump sum payout or quarterly?
Speaking of anal cysts: Hello Jay.
Setting aside the Apple Bear Bullshitters…
This list is going to be lots of fun in the future. Which analcysts were spewing puss and which were worth their analysis?
*filed for future reference*
Jay M.,
Of course you’re entitled to your say. However, your (and Orandy’s) same ranting about TC grows tiresome. If you think the future prospects of Apple (and AAPL) are doomed under TC’s leadership, then sell your shares, invest in some other company that you think has better long-term prospects, and save yourself from the endless frustration you seem to be enduring while TC is at the helm of Apple.
I happen to disagree with your views — and have voted with my wallet. Furthermore, Apple was not a one-man company under SJ in 2011 and it’s not under TC now, either. Sure, TC is now the public face of the company, but to assign all blame to TC and TC only for any perceived Apple missteps is overly simplistic and downright childish! The Apple creative machine will continue no matter who’s in charge for the near future (I don’t know what will happen decades from now, but for the next 10-15 years Apple’s dominance of the tech world will continue unabated.
I look forward to new products and/or offerings from Apple to help all of us enrich our lives. I’m happy to allow Apple to dictate their own product release cycle and not some paid-for, self-proclaimed “analyst” or bloggers/posters on this site and others.
I only regret not having had more funds to invest in APPL in the last ten years and/or going forward.
So many people seem to have it in for Tim Cook. Who is magically going to do a better job than him? Jony Ive? Since when has he run a company? Who would design the products if he was focussing on everything else? Would he want to do it? Someone from another company? Another company that Apple has trounced by producing better products, selling more of them, and making more on them? Brilliant. Steve Jobs was unique, he is dead, stop thinking that there is some magical replacement who will be identical to him.
Might as well call them Wall Street philosophers, as they know shit about which they speak.:)