Spreadsheet of the day: The latest Apple price targets

“If the published price targets set by Apple analysts have any power to influence the stock’s day-to-day share price, it was not in evidence this week,” Philip Elmer-DeWitt reports for Fortune.

“By my count, 13 analysts raised their 12-month targets after Apple reported its second blockbuster quarter in a row,” P.E.D. reports. “Yet the stock immediately fell three days in a row, shaving $43.6 billion off Apple’s market value.”

“The bulls among the analysts are more bullish than ever. Led by Cantor Fitzgerald’s Brian White at $195 a share — the highest adjusted price target ever set for Apple — they raised the Street’s average target to $142.90,” P.E.D. reports. “The Berenberg bears are still bearish, but more quietly. Though he called Apple a “one-product company” and left his (deep underwater) $85 target in place, Berenberg’s Adnaan Ahmad did not reiterate it.”

Check out all of the latest AAPL price targets here.

MacDailyNews Take: When it comes to Apple, it’s stupefying that so many people can’t see the forest for trees.

[Thanks to MacDailyNews Readers “BD” and “David E.” for the heads up.]

14 Comments

  1. Using Berenberg’s thinking, GM must be dead in the water with their focus only on cars/trucks. Microsoft must also be in trouble being only focused on software. Exxon is even worse with their main product being fuel.

    Wow, who’d have ever thunk it?

    1. The Berenberg bears are still bearish, but more quietly. Though he called Apple a “one-product company” and left his (deep underwater) $85 target in place, Berenberg’s Adnaan Ahmad did not reiterate it.

      The last of the Apple Bear Bullshitters? So emBearrAssing…

  2. There will be a time that the stock price shoots up. Trying to figure out when that will be is tricky. Good news like unexpected Apple Watch shipment numbers or a rumor that Apple will develop an iPlane could do it. It would be good to go up to $150 before the market cashes in.

  3. I wonder what Ed Zabitsky is doing these days… he used to be the greatest laughingstock, but Adnaan Ahmad seems to be a “worthy” successor

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