Look who’s changed their Apple price targets

I count 27 updates since Oct. 30, when Apple gave its guidance for the December quarter.

Here are the old and new price targets, as complete* and up-to-date as I can make them. Corrections appreciated.

apple target changes 1-16

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

My take: Like AAPLInvestors’ Terry Gregory, I wonder…

What is the point of a 12 month target if the analysts are allowed to change them before the 12 months is up?

5 Comments

  1. Gregg Thurman said:
    This morning I added to my JAN 17 $307.50/$310 Call Spread positions by acquiring JAN 17 $307.50/$312.50 Call Spreads at $4.00. Tomorrow is expiry for both positions. If successful I will make ~20% in a single day on today’s in-the-money purchase.

    The centerpiece of my investment strategy is buying in-the-money Call Spreads. Initially, I am buying at (or near) Monday’s intraday low for a Friday expiry with a 15%-20% ROI, then again on Thursday’s intraday low with the same expiry as before.

    I’ve been fortunate for the past several weeks, making 25%-35% ROI on weekly trades due to AAPL’s re-pricing by WS.

    3
    January 16, 2020
  2. Thomas Larkin said:
    Read the following CNBC headline in the Apple Stocks App (author T Franck): “Apple and Tesla may be market darlings, but hedge funds are betting big they’ll collapse.” It was talking about short interest, starting in dollar amounts. But, the real story is buried at the end of the article: “Looking at the relative short selfing interest between the two companies reveals a different picture: Only 1% of Apple’s stock available for trading is sold short versus about 20% at Tesla.”

    Incredible.

    5
    January 16, 2020
  3. Gregg Thurman said:
    Only 1% of Apple’s stock available for trading is sold short…

    By historical measure 1% of “stock available” IS NOT “betting big”.

    One percent amounts to background noise.

    5
    January 16, 2020
  4. Dan Scropos said:
    Here’s the truth: There is no federally mandated blackout period. And even when companies have themselves adopted blackout periods, they can get around them. For starters, most companies [including, conspicuously, Apple] have regular buyback plans. These plans extend to the company, but also to senior executives.

    2
    January 16, 2020

Leave a Reply