And then there were four: Nomura, Barclays, Mizuho and Deutsche Bank.
Apple has been on a tear for more than a year. The pool of analysts advising investors to stay clear of Apple is shrinking. Some have left the business. See Apple analysts play musical chairs on Wall Street.
Below: My full list of Apple price targets, as accurate and up-to-date* as I can make it. Corrections appreciated.
Click to enlarge.
*Several outlets report that an analyst who shall remain unnamed (long story) has set a street-high price target of $235.
Mark Moskowitz downgraded Apple in January, 2017 from 119 to 117, several days prior to the the release of Apple’s 1st quarter 2017 earnings report.
That move alone invalidates anything else that he has to say.
And what’s up with this market? Is AAPL just being sucked upwards by a general bullish rip tide that’s at bottom the result of the Trump tax tsunami? But if that’s
true, why are stocks like AMZN leading the charge when they are going to barely be impacted directly?
Inquiring minds want to know….
I’m a large long-term holder of Apple and have never traded Apple options because of the short-term manipulation, FUDD and outright lies that impact Apple close to expiration. Do you remember this market manipulating LIE report that came out in September, 2016: https://www.forbes.com/sites/jaysomaney/2016/09/24/gfk-issues-mysterious-report-slamming-apple-iphone-sales-in-europe-apple-shares-drop/#209a1f9f6b3f
Those type of lies impact options holders, but have no lasting effect on long-term shareholders, however annoying that they are.
To Joseph’s question about the market. The market has finally learned arithmetic. The stock is undervalued, hence low risk, with excellent dividend growth and good stock appreciation. The tax changes strengthen the numbers. As for AMZN, it’s about ‘story’ not arithmetic.
But what a lot of people didn’t understand is, that even if Apple would sell only iPhone 8, it would make tons of money….and if only a small proportion of its customers choose the X, they will make an extra-ton of money.
No one at Apple ever thought of the X completely replacing the 8, it is only a nice add-on, in terms of functions and price, and I think that it will bring us a big surprise on February the 1.
I believe the appropriate technical term is “would make metric crap-tons of money.” It should be very interesting to add up the 8 & X numbers and compare those total sales (and of course ASP and margin) to previous iPhone releases.