The range is extraordinary, from below 3% to nearly 20%.
Here’s the set-up:
The 30 Apple analysts in the interactive bar graph below all follow Apple. But they follow other tech stocks as well, and TipRanks is measuring the average return on investment of the whole portfolio.
Take, for example, Macquarie’s Ben Schachter, once again the best performing analyst in the group with an ROI of 19.7%. He has “buys” on Apple, Facebook, Activision, Google and Amazon.
Citibank’s Jim Suva, at the bottom with an ROI of 2.9%, has “buys” on Apple, Hewlett Packard, Cisco and Electronics for Imaging.
Try switching back and forth between the bar graph’s two columns. Do you see a correlation between an analyst’s Apple price target and the ROI of his or her portfolio? I don’t.
Not seeing the graphic? Try the website.
See also TipRanks’ rankings from last summer.