Watch Goldman Sachs’ Rod Hall defend his $165 Apple price target

“At this point,” says CNBC’s Jon Fortt, “that would be a long way down.”

My take: I can’t tell if Hall is serious or if he’s trolling. He’s been wrong before. See Goldman Sachs’ Rod Hall eats hat, raises Apple price target to $240

13 Comments

  1. Fred Stein said:

    Best poker face. He must be laughing on the inside.

    Seriously. He is smart. Surely he knows that buybacks and services growth can sustain a share price above $200. (above $250 in my view.)

    $165 implies a black swan event. He should admit that.

    4
    October 9, 2019
  2. Gregg Thurman said:

    I keep asking myself – is there anything to like about Goldman Sachs?

    Ummmmm, They helped make the AppleCard possible?

    At my bank yesterday (Umpqua) signing loan docs. One of the docs displayed the credit report used to approve the loan. My credit rating was a paltry 702, which I thought at the time was pretty good, considering I filed bankruptcy 15 years ago and have done nothing to re-establish my credit (through options trading have paid cash for everything since).

    1
    October 9, 2019
  3. Gregg Thurman said:

    Ran out of edit time to point out that the loan officer mentioned getting a new MacBook Pro. With that I showed him my AppleCard. That elicited a lot of questions and a CROWD of other bank employees. It was really pretty funny watching these banking “professionals” ooh and ahh over the card.

    I showed them the App and that went over very well, especially the part where charge activity displayed the actual vendor name. I wish those on Apple 3.0 could have heard the reaction when I brought up the charge vendor’s location on Maps.

    As an aside my interest rate on AppleCard is 23.99%. My Umpqua line of credit is 10.50%. I will be using it to pay off my long term AppleCard debt (if ever I have any). That way I earn the points AND get low interest rates.

    0
    October 9, 2019
  4. Michael Thompson said:

    Paid Criminal Degenerate Liar Rod Hall.

    There I fixed it.

    He isn’t dumb or making any incorrect assumptions. He’s playing his role as part of Wall Street’s criminal racket.

    Nothing more and nothing less.

    4
    October 9, 2019
  5. Kirk DeBernardi said:

    Wow.

    Getting paid for eating hats.

    1
    October 9, 2019

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