We have a new Street-high Apple price target

Citi analyst Jim Suva's one-day $90 hike is itself another Street-high.

Suva is the 11th analyst to raise his Apple target in less than four months.

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Corrections appreciated.

See also: Before and after Q2 2020 earnings

7 Comments

  1. Fred Stein said:
    Predictably, the analysts move the targets to remain on average about 10% above current price, with some lag time. This holds true for up or down markets.

    2
    June 16, 2020
    • Alan Birnbaum said:
      Except good ole Rod Hall, $109 underwater.

      2
      June 16, 2020
  2. Steven Philips said:
    Katy always has a high and low to go with her projection so it doesn’t seem fair to show her under water unless her high end figure is under water. I don’t recall what that figure was, though.
    (Of COURSE i’m defending Katy!!! 🙂 )

    0
    June 16, 2020
    • Rodney Avilla said:
      I fail to see the value in someone saying the price may go up, it may go down, or it may stay the same. Listing the factors which may make it go up or down can be helpful, which she does. But I need an analyst to not just list those factors (they all do to some degree), but to give insight into the affective value of each factor; that is, just how much each factor WILL affect the stock price. That would be valuable (worth paying for) analysis. Maybe I just need to read her analysis more carefully?

      0
      June 17, 2020
      • In Katy’s defense, she does offer both an explanation for each case percentage chance (5.6%, 42.7% and 6.8%, respectively) and an explanation of her “options probabilities methodology.”

        0
        June 17, 2020
        • Rodney Avilla said:
          Thanks. Looks like I just need to read her analysis more carefully.

          0
          June 17, 2020

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