Look whose price targets are underwater now

A dozen analysts raised their 12-month price target last week. The stock—which closed Wednesday at an all-time high of $176.24— has been gaining on them.

The targets I’ve collected range from $152 to $215. Average: $190.

Here’s my spreadsheet, as complete*, accurate and up-to-date as I can make it. Corrections appreciated.

 

Click to enlarge.

*Once again, I’ve omitted a price target at the analyst’s request.

My take: If you were a client, and a sell-side analyst told you that Apple would be worth less in a year than it is today, would you buy the stock?

3 Comments

  1. Ken Cheng said:
    “My take: If you were a client, and a sell-side analyst told you that Apple would be worth less in a year than it is today, would you buy the stock“
    Yes, of course. Then, I’d find a new financial advisor.
    Interesting that about half are now predicting Apple $1T.

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    November 9, 2017
  2. Ken Cheng said:
    “*Once again, I’ve omitted a price target at the analyst’s request.”
    Always interesting. Anyway, off the top of my head, just scanning the list for any names that might be missing, I can come up with two, Brian White and Colin Gillis. Interesting that the two are the opposite ends of the price target spectrum. It’s probably someone else though.

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    November 9, 2017
  3. Gregg Thurman said:
    WS says their respective price targets are for one year out, but after tracking them for several years I find them to be 3 months to 6 months out (depending on analyst). That explains the rash of target upgrades that occur each quarter.

    I’m showing 19 target upgrades since November 3 earnings report and conference call. The consensus among this group is $195 with a standard deviation range of $188 to $202.

    The bulk (23) of the 40 analysts I track have targets that I deem to be for April. Their consensus is $197 with a standard deviation range of $190 to $203. I always quote integers.

    Today I purchased 375 APR $195/$200 Call Spreads at $1.00. Anticipated ROI (after commissions and fees) 392%. When May contracts become available I may roll these into May.

    YTD my portfolio (exclusively AAPL options) is up 463%. That includes two (of 15) trades wherein I lost money.

    2
    November 9, 2017

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