Flat as Kansas


  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.

    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.

    September 13, 2018

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