“There’s a guy — the Goldman Sachs guy — he didn’t really like it. He had to raise his price target because business is that good.”
From Friday’s episode of Jim Cramer Today:
The theme is that China is buying much more than we thought. Obviously Mac is much better too. Services is going to be great. But the fact that China sales are really really good is inspirational… Down $10 from where it was? I think that’s a terrific buy.
Cue the video. The Apple bit starts at the 4:50 minute mark.
My take: Cramer won’t even say the analyst’s name.
See also: Goldman Sachs raises Apple target $10 to Street-low $85 — updated
How does WS keep from busting out laughing whenever Hall speaks about AAPL?
What makes you so sure they don’t? I admit, if I see his name, I read it. Pure entertainment. Once you stick out your neck for so long, it doesn’t come back. He has been predicting, what would amount to a mini collapse of aapl, for so long, it would be almost impossible for him to change directions.
One has to consider the source’s track record. If a narrative perpetually isn’t descriptive of the account of events; or if the narrative one presents ceaselessly isn’t agreeing with the outcome, then at some point one has to realize that the source’s diegesis over time has become fictitious. Isn’t this true of the outgoing president repeated narratives? This is where Rod Hall stands today.
Rod Hall’s credibility relative to Apple’s price targets is “shot,” repudiated, defamed, pooh-pooh (as we see by Jim Cramer’s response) to where GS has to acknowledge the man’s incredibility.
I go along with Gregg Thurman. Rod Hall belongs on a Saturday Night Live skit; or it’s Rowan & Martin’s Laugh-In time starring Rod Hall.
In the words of the immortal Emily Litella: “Never Mind!”