Apple cracks $220, closes at all-time-high $219.70

For a couple hours Tuesday, 60% of Wall Street's sell-side was underwater.

Below: My full list of Apple targets, as accurate and up-to-date* as I can make it. Corrections appreciated.

Click to enlarge. 

My take: I don't remember when I've seen so much blue in this spreadsheet. Something's got to give.

*TipRanks ($) reports that an analyst who shall remain unnamed (long story) is sticking with a Street-high price target of $275.

The chart below, courtesy of AAPLInvestors.net, ranks the top thirty all-time high closing price per share of AAPL. Dates in green indicate closing price was an all-time high at that time.

CORRECTION: An earlier version of this item had Daniel Ives underwater. My bad.

7 Comments

  1. Randy McCleary said:
    Daniel Ives of GHB Insights underwater at $245?
    -RJ

    0
    August 28, 2018
  2. Fred Stein said:
    Maybe the bottom eight are on vacation. They clearly aren’t current. At least two have an excuse (lame) that their targets are out of date.

    Seriously, some analysts still believe that Apple has no growth prospects. This renders the average target, at $218, meaningless. Even the top target at $275, is reasonable given fair P/E multiples and modest growth prospects.

    0
    August 28, 2018
  3. Gregg Thurman said:
    By Earnings two more will be underwater.

    Consider how remarkable it is that 28 days after July Earnings/Conference call that 15 post Earnings price target upgrades are underwater.

    0
    August 28, 2018
    • Gregg Thurman said:
      Whoops. Daniel Ives shouldn’t be in that list, ergo there are only 14 post earnings price target upgrades underwater. Shame on them.

      0
      August 28, 2018

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