“Many investors and analysts alike — oh, and consumers of course — keep a close eye on every one of Apple Inc.’s new efforts ahead of, during and after the Worldwide Developers Conference (WWDC) each year,” Jon C. Ogg writes for 24/7 Wall St. “24/7 Wall St. has tracked multiple analyst reports. The rate of bullishness is not universal here, but many positive targets remain in place for higher upside in 2016 and 2017.”
“Apple’s consensus analyst price target was listed as $124.93 on Wednesday. This is down handily from the consensus target of $148 at the start of 2016 when 24/7 Wall St. issued its 2016 bullish and bearish outlook for the stock,” Ogg writes. “Again, many analysts have chimed in on the heels of the WWDC. Most see upside, even if their formal ratings have not changed significantly in any direction at all.”
Full rundown of the major analysts’ Apple outlooks here.
MacDailyNews Take: As we wrote back in April:
The second half of the year should look better than the first.
[Thanks to MacDailyNews Reader “Rainy Day” for the heads up.]