Apple at $156: Look who’s still underwater

And then there was one: Deutsche Bank’s Sherri Scribner.

apple price targets underwater

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Note: When Scribner raised her 12-month Apple price target to $152 from $140, Apple was trading for $170. Who knew how prescient she would look—at least briefly—four months later?

6 Comments

  1. Gregg Thurman said:

    Philip, I show BMO at $195 issued on 4 Feb.

    You aren’t showing:
    Stifel Nicholaus at $150 issued 20 April and re-iterated on 1 August.
    FBR Capital at $155 issued 27 March. If I don’t see anything from FBR by March I’m going to drop them.
    Cascend Securities at $220 issued 29 January.
    Zach’s Investment at $197 issued 3 February.

    Sherri Scribner (Deutsche Bank) is either a buy side analyst or an idiot. Take your pick. I’m leaning towards the latter.

    It’s quite possible my targets are deficient as my source (Flashratings.com) has essentially gone dark during the last 3 months. They have released only 2 post earnings price target revisions. What is your source for price targets?

    BTW, I’m tracking 41 analysts.

    0
    February 12, 2018
    • We should swap lists next time, Gregg. I have BMO at $166 direct from Tim Long by e-mail. Most of my price targets are from the analysts notes published since the last quarterly report. I use TipRanks ($) as a backup. Before I publish, I e-mail the full list to everybody on it and ask if I’ve get his or hers right.

      0
      February 12, 2018

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