Apple analysts: Best and worst 12-month price targets

A year ago, who thought Apple would hit $149? Among 27 professional analysts, only these four:

  • Simona Jankowski, Goldman Sachs
  • Gene Munster, Piper Jaffray
  • Kulbinder Garcha, Credit Suisse
  • Laura Martin, Needham

Here are last year’s price targets, as accurate as I can make them. Corrections appreciated:

12-mos. price targets

Click to open Google doc. Not seeing? Try the website.

As for the rest, you have to wonder what some of them were thinking.

Have the Apple bears come out of hibernation? Some have. To see how the analysts’ price targets have changed over the past year, click on “Today” in the bar chart below.

Not seeing the interactive bar chart? Try the website.

See also: Apple analysts scramble to keep up with Apple’s share price

5 Comments

  1. David Emery said:
    How can those last 4 (price target, “today” tab) credibly have a target of $120 based on AAPL’s performance over the last several years?

    1
    May 6, 2017
  2. Ken Cheng said:
    Maybe they’re building in a $250B special dividend, due to repatriation, thus reducing Apple’s market cap, leading to their lower price targets.

    (sarcasm)

    Oh, I forgot to add, how much I like PED’s look back at price targets, as it gives us a clearer picture of how bad the market is at predicting the future.

    4
    May 6, 2017
    • Jonathan Mackenzie said:
      The same thing applies to “forward PE.” For years AAPL looked a little less undervalued if you took into consideration its forward PE. Except, of course, analysts were getting the “E” massively wrong, so it was way more undervalued than it appeared.

      1
      May 6, 2017
  3. Jonny Tilney said:
    I think your charts should be used in those analysts’ Annual Reviews PED

    0
    May 8, 2017

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