What was a sea of blue is now a sea of green.
Today there are six Apple analysts with underwater price targets. Three and a half weeks ago there were only a handful who were NOT underwater.
Below: My full list of Apple price targets, 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: If the sentiment of the analysts is any indication, Apple may be oversold.
Let’s see if you can print that one year from now.
There’s a ton of money waiting for the stock to bottom out, so the market timers can “make a killing”.
Because that’s the driving force with Apple “cowboys”: Every one of them wants to make a killing. And if it tarnishes Apple? So what? Plenty of other stocks to make a killing on.
“Farmers”, on the other hand, prefer Apple shiny and fairly valued.
In addition the ‘ton of money’ from cowboys, there’s a steady stream of ETF funds from ‘farmers’, i.e., mid-career professionals who don’t have time to play the market and do have plenty of time to save/invest/wait – a perfect match for Apple.
Because, as much as I don’t like the overplay, I think Sacto Joe may be right that we as dispassionate and inactive holders of AAPL (well, OK, passionate, but perhaps not busy) have one of the best investment partners we could hope for in Apple itself. Tim and Luca know pretty damn near exactly what it going on with Apple. And they invest in Apple, both at the CAPEX and R&D level and also at the financial stock market level. Apple is not afraid to cannibalize itself on *any* level, technological or financial.
They are very happy to eat their own dog food.
I would say “slop the hogs!”, but on closer introspection, it is the pigs that get fat, and the hogs that get slaughtered.
Also, I just love it when the stockholders do an “In your face!” to the premarket….
Among the Bulls, consensus is $130 (includes most recent revisions by Citi) with standard deviation range of $142 to $117.
Among the Bears, consensus is a laughable $87 with standard deviation range of $101 to $72.