“Here’s one measure of how Wall Street feels about Apple right now,” Philip Elmer-DeWitt reports for Fortune.
“Three weeks ago, before the company’s 7:1 stock split, we collected price targets from 42 Apple analysts. At that time, their average 12-month target was $651 — or $93 in post-split dollars,” P.E.D. reports. “Since the split, we’ve heard from 17 of those analysts, many of whom took the opportunity to make some adjustments.”
P.E.D. reports, “Result: A new average price target of $101 a share — up nearly 9%.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]