Apple at $270.71: Look who’s underwater now

Three upgrades so far this month, with three weeks left in the quarter.

Below: My full list of Apple price targets—now with gap between target and closing price—as accurate and up-to-date* as I can make it. Corrections appreciated.

apple analysts underwater 270.71

Click to enlarge. I rely on *TipRanks ($) for the estimates of an analyst who shall remain nameless (long story).

My take: Some of the soggiest targets are pretty long in the tooth. I expect many of them will get freshened up before Dec. 28, the last day of Apple’s fiscal Q1. Watch this space.

See also: Apple tops $270: Thirteenth all-time high since Oct. 24

8 Comments

  1. Jerry W Doyle said:

    Some of these analysts cannot be knowledgeable about Apple. What specifically are they analyzing and what information are they extracting to come up with their target estimates? What is the depth of knowledge they possess about the administration, management and operational aspects of the company? Do they go themselves to select good information or do they solicit information from meaningful sources relative to site visiting suppliers? Do they even site visit Apple stores and have others in geographic areas do similarly to get a feeling as to what consumers are buying? Do they study historical patterns to extrapolate possible future results? Do they engage with Apple leadership to get a feel how things are going? Do they study in a meaningful way domestic and global economic conditions’ and their possible impact on Apple sales through discussions with economists? Do they follow geo-political events and have an understanding of how such events impinge on projected target price estimates? Do they study personal relationships of the CEO with key political figures (Cook & Trump; Cook & Xi Jinping) to understand better how Apple may triumph amidst rather dire circumstances?

    I don’t think many analysts peel back the organizational, operational, economic and political layers and study the psychological profiles of key players and their interactions with one another to discern how events can better help them to arrive at meaningful estimates. Perhaps they follow such a multiplicity of companies that they have little time to understand none of them revealingly, in a meaningful way to serve their clients. In that instance, they are doing themselves and their companies a huge disservice.

    3
    December 7, 2019
  2. Michael Thompson said:

    The Ferragu/Zhang Corruption Index now stands at 34.01 from Apple’s new intraday all-time high of 271.

    That means that when Apple goes up another 34.01 points, we will surpass the COMBINED price targets of thief F + thief Z.

    “Apple’s #1 Analyst” still has to catch up and raise again. ‘“Peak Apple 2015” Sacconaghi has been wrong for years.

    Why was Goldman Sachs purchasing more than 3 million shares of Apple over the last 6 months while their top analyst Roderick Hall (haha) was consistently downgrading Apple. Nothing to see hear, it’s just coincidence.

    3
    December 7, 2019
  3. Gregg Thurman said:

    My price data also includes days since target revision AND AAPL’s Closing print on the day of target revision.

    Many that are underwater now were not underwater when their targets were issued, AND typically do not revise their targets more than 2 or 3 times per year. William Power and Shannon Cross are a good examples of this.

    Ong, Kvaal, Cabral, Hall, Chokshi, Rambourg, Ferrari and Zhang should not be included in any “consensus” calculations. I do not include their “targets” in my consensus calculation and the change is dramatic.

    1
    December 7, 2019
  4. Gregg Thurman said:

    Was anybody predicting over $270/share a year ago?

    ABSOLUTELY NO ONE. WHAT’S YOUR POINT?

    0
    December 8, 2019

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