Flat as Kansas

7 Comments

  1. Michael Thompson said:

    Apple will be much closer to $329 than it is to $229 in 12 months. The good news is that when Apple hits 329, Toni Sacconaghi and Rod Hall will raise their price targets to 260. Jokers.

    1
    September 13, 2018
  2. Gregg Thurman said:

    new average price target at $229 (consensus) and Apple trading at $227,

    This is why I started breaking out price targets for when I thought they were actually meant, vs the stated one year target. I was able to do this because I tracked analyst target upgrades for several years and noticed that targets were revised about every 3 to 6 months (depending on the analyst).

    Some analysts like Rod Hall, Sheri Scribner, Tim Long, and Mark Moskovitz I just plain ignore. Others may be underwater but their typical revision schedule has them that way, not a stupid low ball bias. Cleveland Research, Credit Suisse, FBN Securities, HSBC, JP Morgan, KeyBanc, Longbow Research, Pacific Crest, and Raymond James are great examples of longer-term targets (last revised between August and November 2017).

    I now have 10 targets for January 2019 with a consensus of $251 (standard deviation range $241 – $260). I believe that consensus will increase by about $10 after October earnings.

    2
    September 13, 2018

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