Analysts get bullish on Apple stock

Fortune‘s Philip Elmer-DeWitt is back with his survey of analyst price targets for Apple stock, and one thing is clear: The sentiment toward the stock has seen a significant uptick in optimism,” Daniel Sparks writes for The Motley Fool.

“Sixty four percent of the analysts surveyed by Philip Elmer-DeWitt have price targets above $100 a share. The average price target for Apple stock is $101.49,” Sparks writes. “So, what is causing the overall shift in sentiment among Apple analysts? A number of factors, but three stand out:”

1. Favorable upgrade terms from carriers.
2. Hot, new products.
3. Apple’s aggressive share repurchase program.

Read more in the full article here.

[Thanks to MacDailyNews Readers “Fred Mertz” and “Dan K.” for the heads up.]


      1. Yes, because most analysts are really “historians,” telling the less-informed about things that already happened. 🙂

        When AAPL is heading up, they generally “predict” targets that are about 5% higher (and then adjust accordingly).

      2. Wait, aren’t they supposed to be the ones who predict what will happen in the future and tell us how to invest accordingly? Funny. I was pretty sure that’s why they had jobs.

        Maybe WE should be the analysts and THEY should be bitching about us online instead?

  1. “3” is NOT a reason, at least for any analyst with common sense. When there is a “significant uptick in optimism,” there is no need for more stock buybacks. When AAPL is nearing its ALL TIME high, there is no need for more stock buybacks. It is highly unlikely that Apple will do more stock buybacks while the momentum is upward.

    1. You’re right. So let’s go ahead and replace 3 with “ppeterson/jay Morrison has fallen silent seeing that there isn’t now nor has there ever been growing consent that Tim Cook needs to leave.”

      1. That don’t make sense they are both posting for Tim Cook’s demise like it was really going to happen.

        Maybe it’s because nobody’s listening, well I mean people are listening, just not taking them seriously.

        At any rate, “Apple reaches all time high” will be happening soon enough.

  2. They are just running it up so it can come crashing down when Apple has another record quarter report (for Apr-Jun) that isn’t as good as the Christmas quarter, and that doesn’t meet their predictions.

  3. While the market was mostly down today, AAPL was up 2%. It’s not a guarantee, but when one stock does very well on a day when most others are being being sold off, it can be a sign that big institutions are shifting their portfolios to buy more of that stock.

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