Apple at $289.91: Look who’s underwater now

“You can only hold a beach ball underwater for so long.” — Friend-of-the-blog Joseph Bland

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.

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

My take: Pressure has got to be building on the analysts at the bottom of the list, the guys holding on to targets that are $100 or more underwater. In my experience, the bottom dwellers will either make dramatic adjustments a few weeks before earnings or get out of the game altogether.

6 Comments

  1. Michael Thompson said:

    We are now 15.10 from surpassing the combined price targets of the two Filthiest Swine: Zhang + Ferragu.

    Oh no, Sacconaghi needs to continue to catch up. “Shame on them.” I don’t know about you, but it appears that Apple 2020 is a bigger deal than “Peak Apple 2015”.

    Roderick Hall is almost 100 points too low. “Wife and kids, I get paid to mislead the public. While we prosper based on my paid for lies, we have cost many investors the chance to profit in the World’s Best Corporation By Far.”

    And finally, “in the long run the market is a weighing machine.” That’s why you never sell or bet against the heaviest company on any scale.

    5
    December 26, 2019
  2. David Emery said:

    The guys with “outperform” who are $50 off the mark are hard to understand.

    If you’re bearish on AAPL, then it would be consistent to expect a subsequent plunge to bring the price closer to your estimate. But if you’re bullish and still behind, it makes me wonder how much attention you’re actually paying, either to this stock, or to your own ‘business of estimation.’

    2
    December 26, 2019
  3. Jerry Doyle said:

    Touchdown Atlanta! Mercedes-Benz Stadium Saturday! Hotel lobby filled with iPhone LSU fans. Restaurant heaped with iPhone users. Bar crammed with iPhone devotees. Lots of iPhone 11 Pros. That speaks volumes! Androids absent. Is it the preference of this group of folk for iPhones? Perhaps so. At first chance I will exit the building to scan what others hold in their hands. Steve Jobs once famously said, anything other than an iOS device in your hand (listen-up Android) is a “piece of crap.”

    Apple closes up $5.64 (another new high) and still rising in after-hours. I always believed we would be at $300+ when Tim C and Luca Maestri report earnings in late January. Now some analysts finally are rolling out price targets higher than “I” anticipated by late spring 2020, if their price targets are predicated on a ninety day horizon as Gregg Thurman denoted.

    Laissez le bon temps rouler! Geaux ! Geaux , and Geaux LSU Tigres!

    Bonne Année ! -:)

    1
    December 26, 2019
  4. Gregg Thurman said:

    I rely on TipRanks ($) for the estimates of an analyst who shall remain nameless

    That must be Brian White with Monness.

    0
    December 27, 2019

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